Compensation Assistant

Location:Milton Keynes
Job Type:Full Time


Milton Keynes, GB

Department Name

Route Services

About Network Rail

We at Network Rail are dedicated to becoming one of Britain's best employers and believe this starts with placing the candidate at the heart of everything we do!

Our ambition to be responsive to passengers and freight users, drives us every day and we're empowered to do the right thing for those who use the rail network. We actively challenge unsafe practices and take responsibility for addressing risks, resolving issues and protecting safety and wellbeing.

We're passionate about great service and we ask ourselves, what can we do to put our passengers and freight users at the centre of everything we do? With this in mind, we pull together as one industry because we care about people and teamwork is key. For more information about Network Rail click here.

Brief Description

The key purpose of the role will be to deliver passenger and freight Schedule 4 compensation calculations and forecasts, working closely with the Compensation Analyst within the compensation team in Access Planning.

About the role (External)

Key Responsibilities

1.Produce nominated Schedule 4 statements (passenger & freight) and period end billing on time and to a high level of content accuracy.

2.Administrate the S4CS system and associated data quality for relevant contracts.

3.Assist in managing effective relationships with customers and stakeholders.

4.Produce and maintain timely and accurate Schedule 4 forecasts and estimates for relevant contracts.

5.Assist in the identification and implementation of quality and efficiency improvement initiatives.

Skills and experience


  • Educated to GCSE Maths or equivalent
  • Good communication skills, both written and spoken
  • Able to work under pressure and to deadlines and manage own workload
  • Able to work to a high degree of accuracy
  • Good customer service skills
  • Previous experience working in a financial/accounts role


  • Previous experience working with contractual/compensation agreements
  • Knowledge of relevant railway geography and terminology
  • Basic understanding of railway engineering activities

How to apply (External)

Salary: £23,000 - £24,000

Closing date: 28-May 2020. Late applications will not be accepted.
Click 'apply now' to apply.

This is a 12 month fixed term opportunity and has the potential to become permanent.

To be considered for this role, you shall live within 75/90 minutes of The Quadrant Milton Keynes.

We are an equal opportunity employer and value diversity. We do not discriminate based on race, religion, national origin, gender, sexual orientation, age, marital status, or disability status. Click here for more information

Want to find out about what benefits we offer? click here

All offers of employment are conditional upon satisfactory completion of pre-employment checks. Click here for more information