Economist

Economist

Location: Remote- once a month meet up in London office.

Contract Length: 12 months

Pay Rate: £450 per day (Umbrella)

We are seeking a contractor to work in Network Rail's Regulatory Economics team. You will be joining the team at a critical point in this programme of work, as the Office of Rail and Road (ORR) has recently published its formal conclusions documents on Access Charges and Incentive regimes for CP7.

Key Responsibilities:

• Manage industry responses to our upcoming Access Charges consultation, providing insight into how to address any concerns / queries and supporting in writing our conclusions to this consultation.
• Undertaking detailed recalibration work for our Access Charges, which will involve getting to grips with our already-existing charges model and updating these for our conclusions and changes in inputs.
• Undertaking impact analysis, for example of the changes to Access Charges, to understand the root of any changes and the impact that this may have on our customers.
• Drafting briefing notes to senior colleagues and external stakeholders to explain any changes in the levels of our Access Charges for CP7.
• Support the team in managing Network Rail's involvement with the recalibration of the performance and possessions (incentives) regime, as and when required.
• Engaging with colleagues in the Great British Railways Transition Team (GBRTT) as they seek to establish a charging framework and incentive regimes for their future contracts with their operators.
• Supporting and leading on, as required, ad hoc queries from the business on the topics of charges and incentives.

Skills and Experience:

• Educated to degree level, preferably in economics or finance.
• Proven ability to build effective relationships with stakeholders.
• Practical experience of applying economic principles to the development of charging regimes.
• Strong and proven analytical skills.
• Good understanding of regulatory economics.
• Experience of working in a regulatory environment.
• Knowledge of the transport/railway sector (desirable).

Standard working hours are 35 hours per week