Whole Lifecycle Costing Specialist (Mathematical Modeller)

Network Rail owns and operates the railway infrastructure in England, Wales and Scotland on behalf of the nation. That’s over 30,000 km of track, 25,000 bridges, 16,000 km of earthworks and thousands of signals and level crossings. We are also responsible for maintenance at 2,500 train stations, fully managing 18 of the largest, as well as overseeing railway timetabling for England, Scotland and Wales. The company is organised into central functions (Technical Authority, System Operator and Route Services) and 5 regional businesses.

The Advanced Analytics team sits within the Technical Authority. Amongst other responsibilities, we own and manage the development of whole lifecycle forecasting models of railway assets (such as track, signalling systems and bridges). These models are used to help plan the spending requirements of future Control Periods by estimating the impact on asset condition of different funding scenarios.

We are looking for 2 x Mathematical Modellers (official job title: Whole Lifecycle Costing Specialists) for permanent opportunities currently based at Milton Keynes (although other locations may be considered by the hiring manager on a case-by-case basis). 

You will support the implementation of one or more areas of Network Rail’s strategy for whole lifecycle costing, from the development of the models through to the embedding of whole life decision making in the company’s strategic and investment planning processes, supporting both central functions and the operating routes. 

About the role

The average day of a Mathematical Modeller will vary from one day to the next and include (but not limited to) the following:

• Collaborate with (central and regional) engineering teams to understand the key processes of maintaining specific railway assets (asset characteristics, condition metrics, asset deterioration and life cycle, application of railway standards, interventions, costs).
• Perform/scope out pieces of analysis to understand asset behaviour and thus advise asset forecasting models.
• Design and develop appropriate asset modelling methodologies.
• Apply whole lifecycle costing principles to find the best asset strategies (i.e., inspection, maintenance, and renewals) to manage different assets in different situations.
• Implement large scale portfolio-level (network-wide) models for use in Network Rail’s investment planning process.
• Produce analysis, tools, and documentation to aid the understanding of asset model outputs for engineering, finance, planning and regulators.
• Maintain awareness of developments in whole lifecycle costing, e.g., via the Institute of Asset Management and university activities.

To learn more about the role and begin your application, click here.

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