Senior Portfolio Manager

Not your average role…

With more than 5,000 employees, Scot Rail plays a vital role in serving the people and communities of Scotland. We recognise a modern and diverse workforce, encouraged to use their talents, and develop their skills, is integral to our success in serving and reflecting the communities of Scotland. We are committed to being a diverse and inclusive employer and have also set ourselves ambitious sustainability targets including having a carbon-free railway in Scotland by 2035.

Management of the Scot Rail commercial, community and residential property portfolio to deliver optimal rental income and wider business benefits. Leadership of a small team of portfolio managers providing expertise and supporting professional development. Growing the portfolio through new opportunities in partnership with Scot Rail Property Services and Network Rail will be key to the success of this role. Creating a virtual team with colleagues in Property Services, Health & Safety, Sustainability, Insurance, Network Rail and Legal (external) will be required to ensure the smooth and safe running of the portfolio.

• Maximise portfolio income through effective rent reviews, lease renewals, valuations, negotiations and delivery of all associated documentation.
• Strategic Portfolio Leadership by aligning commercial, community and residential property objectives with Scot Rail’s wider business goals, revenue targets and regeneration ambitions.
• Budget Ownership & Performance Accountability. Own the portfolio’s commercial performance, including annual income targets, forecasting accuracy, cost control and value‑for‑money delivery. Challenge financial assumptions and provide senior commentary to leadership teams and governance boards.
• Shape policy and process improvements, driving best practice across the entire property function.
• Lead and develop a small team of portfolio managers, fostering expertise, high performance and professional growth.
• Manage landlord obligations including enforcement of tenant covenants, safety validation, statutory compliance and health & safety responsibilities.
• Ensure strong estate management, overseeing let and void properties, tenant maintenance obligations, service charges, credit control and day‑to‑day tenant queries.
• Partner with internal and external stakeholders—including Property Services, H&S, Sustainability, Insurance, Legal, Network Rail and external consultants—to ensure smooth and safe portfolio operations.
• Grow and enhance the portfolio by identifying new commercial, community and revenue opportunities and maintaining a network of potential retailers for vacant units.
• Oversee tender exercises, contractor liaison, and collaboration with local authorities and Network Rail to support effective property management.
• Set and manage revenue forecasts considering operational, market and strategic factors.
• Support non‑commercial and community lease development that aligns with wider economic and community benefits.

• Educated to degree level.
• Effective negotiation & people management skills.
• A positive and proactive approach to team working
• MRICS qualified or working towards this qualification.
• Full drivers’ licence

This is a full-time role, working Monday to Friday. Scot Rail offers a hybrid working model which is typically 3 days in the office and 2 days working from home.

Reference Salary: £50,000 - £56,980 per annum, pay award pending.

Selected candidates will be invited to a competency-based interview. All offers are subject to passing our pre-employment checks which include a criminal record check, medical and referencing.

• Contributory Final Salary Pension scheme.
• Free and reduced rate rail travel for you and your family, where applicable.
• Generous holiday allowance.
• Enhanced company sick pay and family leave including maternity, paternity and adoption.
• Life Insurance cover for 4 x annual salary.
• Contributory lifestyle benefit options including discounts at hundreds of retailers, cycle to work scheme, discounted gym memberships and healthcare cashback plan.

Please note that due to the volume of interest received these vacancies could close prior to the published date.

Scot Rail is seven times accredited as a Top Employer, has achieved Leaders in Diversity and is a Disability Confident Employer. We value, celebrate, and respect the diversity our people and aim to inspire, attract, retain, and develop the best talent. Because we value diversity and the benefits it brings, we want to continue improving the diversity of our people and particularly welcome applications from women, young people, LGBT+ people, people with a disability, and people from ethnically diverse backgrounds.

Closing Date:
Friday 20 February 2026