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Contract Probabilistic Risk Analysis Engineer Jobs in Utah

Senior Cost Analyst

UT ยท On-site

$76K - $97K/yr

... estimating/engineering support directly interfacing with program offices and assisting the ... risk analysis, performance measurement (earned value), project forecasting and risk assessment ...

Identify and implement process improvements using Lean, Six Sigma, root cause analysis, statistical analysis, and risk-based engineering methods. * Analyze and resolve complex manufacturing and ...

Structural Analyst

Lehi, UT ยท On-site

$63K - $97K/yr

The Structural Analyst is responsible for evaluating, organizing, and maintaining construction ... We empower communities and businesses to make better decisions on risk, faster. At Verisk, you'll ...

Partner with engineering teams to embed security into the software development lifecycle and CI ... Conduct security assessments, threat modelling, and risk analysis for products, infrastructure, and ...

... estimating/engineering support directly interfacing with program offices and assisting the ... risk analysis, performance measurement (earned value), cost-benefit analysis, and software cost ...

Showing results 21-40

Contract Probabilistic Risk Analysis Engineer information

What are some common challenges faced by contract probabilistic risk analysis engineers, and how can they be addressed?

Contract Probabilistic Risk Analysis Engineers often face the challenge of quickly integrating into new teams and projects, requiring rapid understanding of industry-specific risk models and standards. Balancing diverse stakeholder expectations, tight deadlines, and incomplete data sets can add complexity to analysis tasks. To address these challenges, effective communication, adaptability, and strong analytical skills are essential. Leveraging standard risk analysis frameworks and maintaining clear documentation can also help ensure consistency and accuracy in deliverables.

What is the difference between Contract Probabilistic Risk Analysis Engineer vs Contract Reliability Engineer?

AspectContract Probabilistic Risk Analysis EngineerContract Reliability Engineer
CredentialsTypically requires engineering degrees, certifications in risk analysis or reliability (e.g., ASQ, IRCA)Requires engineering degrees, certifications in reliability or maintenance (e.g., CRE, RCM)
Work EnvironmentFocuses on risk modeling, probabilistic assessments, often in industries like energy, aerospaceFocuses on system reliability, maintenance strategies, often in manufacturing, utilities
Industry UsageCommon in nuclear, aerospace, oil & gas sectorsCommon in manufacturing, power plants, industrial facilities

The Contract Probabilistic Risk Analysis Engineer specializes in quantitative risk modeling using probabilistic methods, while the Contract Reliability Engineer emphasizes system reliability and maintenance strategies. Both roles require engineering backgrounds but focus on different aspects of safety and system performance within similar industries.

What are the key skills and qualifications needed to thrive as a contract probabilistic risk analysis engineer?

To thrive as a Contract Probabilistic Risk Analysis Engineer, you need a solid background in engineering, mathematics, and statistics, often supported by a relevant degree and experience with risk analysis methodologies. Familiarity with technical tools such as Monte Carlo simulation software, fault tree analysis programs, and industry-specific risk assessment platforms is typically required. Strong analytical thinking, attention to detail, and effective communication skills help you interpret complex data and present findings to stakeholders. These competencies are crucial for accurately identifying and mitigating risks in projects, ensuring safety, compliance, and project success.

What is a contract probabilistic risk analysis engineer?

A Contract Probabilistic Risk Analysis Engineer is a professional hired on a contractual basis to assess and quantify risks in engineering projects using probabilistic methods. They use statistical models and simulations to predict the likelihood and potential impact of various risks, helping organizations make informed decisions. These engineers often work in industries like energy, aerospace, or construction, and their analysis supports project safety, reliability, and cost-effectiveness. Their expertise helps organizations mitigate uncertainties and optimize project outcomes.
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Infographic showing various Contract Probabilistic Risk Analysis Engineer job openings in Utah as of June 2026, with employment types broken down into 1% As Needed, 82% Full Time, 16% Part Time, and 1% Temporary. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution.

$76K - $97K/yr

Full-time

Re-posted yesterday


Job description

Overview
Tecolote is a trusted independent advisor providing consulting, analytics, and digital solutions to senior leadership and Federal government executives supporting the National Security mission. As an Analyst, you will be the go-to person for Program Managers in support of large scale DoD/DoW acquisition programs. We are looking for motivated teammates who thrive in fast paced, dynamic settings and can help our customers tackle some of their most pressing challenges. At Tecolote, we're committed to the success of our employees. We believe that a challenging environment and an enthusiastic culture, coupled with a comprehensive benefits package allow our employees to reach their full potential and attain their professional goals.
Responsibilities
  • Working as part of an integrated cost estimating team, the cost estimator will perform a wide variety of cost and economic analyses/estimating/engineering support directly interfacing with program offices and assisting the development and presentation of management level briefings.
  • Work may include parametric cost estimating, life cycle cost analysis, cost estimating relationships and model development, cost risk analysis, performance measurement (earned value), project forecasting and risk assessment, cost-benefit analysis, and software cost estimating.
  • Additional support includes, but is not limited to, the areas of strategy development, scheduling, market research, evaluation criteria development, pre-solicitation documentation review, RFP documentation, Independent Program Review documentation, cost estimates and key decision point's preparation, as well as trade studies.
  • Familiarity with DoD/DoW acquisition policies and Automated Cost Estimating Integrated Tools (ACEIT) suite is desirable.
  • Successful candidates must possess or be able to obtain a Secret security clearance.
  • Active TS security clearance preferred.
  • U.S. citizenship required.

Skills Required
  • We are seeking individuals with excellent quantitative and analytical skills for senior level cost estimator positions, with experience in cost analysis principles.
  • The position requires a minimum of seven years of progressive technical cost analysis experience with Department of Defense / Department of War (DoD/DoW) programs.
  • Demonstrated experience with cost research, data collection, and cost estimating of DoD/DoW weapon systems, as well as understanding of the programmatic and technical cost drivers of the weapon systems for both acquisition and operating & support phases of the life cycle.
  • Ability to analyze data and develop cost estimating methods and tools.
  • Demonstrated experience in use and analysis of Cost and Software Data Reports (CSDR) and Integrated Program Management Data and Analysis Reports (IPMDAR).
  • Ability to assess compliance with Earned Value Management (EVM) and schedule standards and best practices.
  • Ability to utilize EVMS for planning, controlling, and integrating project scope, schedule, and resources; able to produce EVM and schedule findings in accordance with contract requirements.
  • Excellent verbal communication, written, and quantitative analytical skills are required.
  • Proficient in the use of M/S office applications, i.e., M/S Project, Word, PowerPoint, and Excel.
  • Must be able to work in a team environment and lead cost research project teams to successful conclusion.

Education
Bachelor's degree required, preferably in math, engineering, business, or the sciences.