Asset Management Engineer - Derby

Asset Management Engineer -Derby, UK

About us
At the heart of the rail network for over three decades, Porterbrook is the UK's leading rolling stock financier and asset management company with 4000 vehicles in our diverse portfolio of passenger and freight trains.
By working together with our partners, we deliver high-quality, agile rolling stock solutions that ensure the railway remains safe, reliable, sustainable and fit for the future.
We don't just provide trains - we provide a customer-focused platform for long-term success. Since 1994, Porterbrook has invested over 4bn in new rolling stock including 1bn of capital in new trains, fleet upgrades, traction innovation and rail infrastructure in the last five years.
With our strategic and empathetic funding solutions, we're actively looking to invest a further 1bn in the years ahead.
About the team
The Asset Management team are responsible for the continuous conditional oversight of Porterbrook's asset base by enacting a thorough inspection regime to ensure assets are maintained and redelivered commensurate with lease obligations. Additionally, the team manage, store, and distribute a significant strategic spares holding, provide leased spares oversight, facilitate asset storage and ensure robust governance over asset disposals.
About the role
A great opportunity for an exceptional Asset Management Engineer, to join the Porterbrook team.
Key responsibilities:
Asset Disposal

• Managing the disposal of the end-of-life Porterbrook T&RS assets by following the internal governance stipulated within ENG-T2-28, ENG-T2-24 and ENV-T2-05. Ensuring that the company disposes of assets in an environmentally sound manner, in line with sustainability expectations, including any pre-disposal de-commissioning activities that need to be undertaken.
• Agreeing a transparent disposal plan with appropriate suppliers, ensuring that sufficient capacity is being ringfenced to satisfy Porterbrook's ongoing requirements.
• Ensuring a suitable decommissioning specification is available for earmarked units to be disposed of and contract the decommissioning prior to disposal.
• Ensuring all documentation relating to ENG-T2-28 and ENV-T2-05 has been completed and retained for auditability.
• Ensuring disposal documentation relating to ENG-T2-24 has been completed and retained for auditability.
• Where asset sales/donations are agreed by the exec, work with the legal team to ensure suitable Sales and Purchase agreements are drafted and signed to limit future Porterbrook liability.
• Managing the harvesting of any spares required from those vehicles being disposed of, in line with ENG-T2-28, to ensure Porterbrook can continue to support remaining fleets that still utilise such material.

Asset Storage

• Working with the fleet team to ensure appropriate storage procedures are available for vehicles scheduled to enter storage. Storage procedures should be written on a case-by-case basis considering the length of storage period and potential future use against the associated costs as per ENG-T2-30.
• Working with the maintenance services team to manage the storage of vehicles by ensuring that the agreed storage procedures are being followed and any associated contracts are being enacted appropriately.
• Ensuring ENG-T2-19 is followed when reclaiming spares from vehicles in storage.
• Request vehicle movement booking as required with the relevant internal team.

Contractual and Leased Spares

• Manage the audit regime of the leased, contracted & strategic spares with support from the Spares Manager and Contract Managers.
• Provide cover for the Spares Manager to ensure that receipts and deliveries remain uninterrupted, providing consistent spares provision to the wider company.

Vehicle Condition Reporting

• Support the vehicle condition monitoring process by costing the recorded defects and generating the annual summary reports, ensuring trends and patterns can be recognised. Follow up with fleet teams to ensure appropriate rectification plans are formulated based on presented data.
• Support the redelivery process by costing both defects and open work orders at redelivery to commercialise any potential exposure.
• Work with the procurement team to periodically revalidate the costing model, ensuring base prices are in line with current market costs.
• Work with the IT team to further develop and maintain the costing model, improving consistency and accuracy.
• Carry out asset inspections when additional resource is required to complete redelivery/ad-hoc inspections, or as cover in periods of Asset Inspector absence.

Safe Working

• Ensure safe working practices are always followed, and the appropriate PPE is worn when required.
• Ensure all accompanying visitors and staff follow safe working practices and are aware of specific location requirements.

Reporting Function

• Providing reporting regarding the status of assets being sold and disposed of, ensuring this is available within the Asset Management SharePoint site.
• Continual reporting to the Head of Asset Management regarding personal activity being undertaken, both verbally and by email.
• Provide regular liaison as required with all Porterbrook functions.

Other Duties

• Assist in providing general support in all other areas covered within the Asset Management Department as required by the Head of Asset Management.
• Support the wider Fleet Services and Engineering Services departments as required.

About you
General requirements are for an experienced rail professional.
Skills / Experience
What you'll need to have:

• Knowledge of railway industry rolling stock, organisation, and players
• Knowledge of contractual obligations and operating lease agreements
• Knowledge and understanding of vehicle and spares asset management requirements
• Knowledge and understanding of vehicle maintenance and overhaul requirements
• Whilst visiting working depot environments, the appropriate PPE must be worn at all time
• Whilst working within an office environment and attending meetings, smart business wear (e.g. shirt/blouse, trousers/skirt, formal shoes etc.) shall be worn

It would be great if you also had:

• Organised
• Interpersonal skills
• Collaborative mindset
• Computer literacy (especially Microsoft Office and database knowledge)
• Holds or is working towards IEMA and IOSH safety certification

A great place to work
We have a collaborative work ethic with our team members across the company, and with our customers and suppliers. In Derby, London and the Long Marston Rail Innovation Centre we have the right people, with the right skills, in the right jobs, all striving to drive excellence through strong partnerships that create value for all.
We promote a high-performing culture where everyone is supported to achieve their goals, both personally and professionally. We have a close-knit, diverse team that looks out for each other, and supports our colleagues, communities and the next generation of the railway family.
In recognition of this we have been awarded:

• Investors in People Gold accreditation
• Investors in People 'We Invest in Wellbeing' Gold accreditation
• Engineering and Safety Award Railway Innovation 2025

These accolades reflect the company's dedication to creating a supportive and inclusive workplace where employees are empowered to thrive.
To learn more about why Porterbrook is a great place to work please visit our website and follow us on social media.
Our benefits
We are seeking the very best talent to join the team, and offer an excellent salary, along with bonus and benefits. This is a fantastic opportunity to join a great organisation with outstanding people and a road map for the future to grow and develop the business. Some of our benefits are listed below:

• 1.5x employer contributory pension scheme
• Financial wellbeing support
• Flexible working
• Enhanced maternity, paternity and adoption pay
• Enhanced Armed Forces policies
• Ongoing support with professional and personal development
• Long service awards
• Porterbrook Star awards
• Healthcare cash plan
• 25 days' annual leave + Bank Holidays + option to buy and sell up to 5 days' additional leave
• Additional days annual leave for long service
• Free parking and electric vehicle charging are available at our Derby office
• Season ticket loan
• Cycle to Work scheme

Should you be suitable for the role, the full benefits package will be discussed in more detail during your screening call.
Equal Opportunities
We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply and join us on our journey.
Accessibility
We're committed to helping you perform at your best throughout the recruitment process. If you have a disability or need any reasonable adjustments during the application and selection stages, please get in touch with us at We'll be happy to discuss how we can assist.
To apply
Please follow the link at the top of this page to send your CV and a covering email with full details of why you would be a great addition to the Porterbrook team, along with details of your current salary and notice period.
This vacancy may close at any time once sufficient applications have been received. Early submission of your application is therefore encouraged.
What happens next?
Once your application has been reviewed, our recruitment team will be in contact.
Our interview process is typically two stages to ensure a thorough evaluation while providing a chance for you to showcase your skills and fit for our team.
This approach allows us to engage in meaningful discussions, assess your qualifications more comprehensively, and ensure a mutual alignment with our company values. If you're ready to take the next step in your career, we look forward to meeting you!
Our people
To find out more about our people and partnerships click the following link .