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Contract Probabilistic Risk Analysis Engineer Jobs in Newark, NY

Principal, Contracts

Rochester, NY ยท On-site +1

$87K - $117K/yr

... risk mitigation guidance across the full contract lifecycle for DCS, international commercial ... Analyze proposed business terms, pricing positions, costs, risks, and opportunities during cost and ...

CMP Module Engineer

Hopewell, NY ยท On-site

$65.80 - $102K/hr

The 300mm CMP Equipment Engineer is responsible for sustaining, improving, and optimizing the ... Experience with FMEA risk analysis is a plus * Intermediate-level data analysis skills ...

CMP Module Engineer

Hopewell, NY ยท On-site

$88K - $142K/yr

The 300mm CMP Equipment Engineer is responsible for sustaining, improving, and optimizing the ... Experience with FMEA risk analysis is a plus * Intermediate-level data analysis skills ...

Senior Diffusion Module Engineer

Hopewell, NY ยท On-site

$114 - $193K/hr

onsemi is seeking a Sr. Diffusion Engineer. You will develop and support the manufacturing of 300mm ... Experience with FMEA risk analysis is a plus * Intermediate-level data analysis skills ...

Senior Thin Film Module Engineer

Hopewell, NY ยท On-site

$101K - $172K/yr

onsemi is seeking a Thin Films Engineer. You will develop and support the manufacturing of 300mm ... Experience with FMEA risk analysis is a plus * Intermediate-level data analysis skills ...

Senior Thin Films Module Engineer

Hopewell, NY ยท On-site

$114K - $193K/yr

onsemi is seeking a Thin Films Engineer. You will develop and support the manufacturing of 300mm ... Experience with FMEA risk analysis is a plus * Intermediate-level data analysis skills ...

Customer Program Manager

Rochester, NY ยท On-site

$80K - $120K/yr

Responsible for understanding and performing risk analysis for programs / projects as required ... Engineering or specific project management experience is a plus. Industrial production experience ...

Customer Program Manager

Rochester, NY ยท On-site

$75 - $90/hr

Perform risk analysis for programs/projects as required and ensure that the risk is being mitigated ... Engineering or specific project management experience is a plus. Industrial production experience ...

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Contract Probabilistic Risk Analysis Engineer information

See Newark, NY salary details

$38K

$115.9K

$191.5K

How much do contract probabilistic risk analysis engineer jobs pay per year?

As of Sep 3, 2026, the average yearly pay for contract probabilistic risk analysis engineer in Newark, NY is $115,874.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,000.00 and $151,500.00 per year, depending on experience, location, and employer.

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.

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 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 popular job titles related to Contract Probabilistic Risk Analysis Engineer jobs in Newark, NY?

For Contract Probabilistic Risk Analysis Engineer jobs in Newark, NY, the most frequently searched job titles are:

What cities near Newark, NY are hiring for Contract Probabilistic Risk Analysis Engineer jobs?

Cities near Newark, NY with the most Contract Probabilistic Risk Analysis Engineer job openings:

Infographic showing various Contract Probabilistic Risk Analysis Engineer job openings in Newark, NY as of August 2026, with employment types broken down into 82% Full Time, 15% Part Time, and 3% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $115,874 per year, or $55.7 per hour.

Global Head of Catastrophe Risk Analytics

Starr Indemnity & Liability Company

Rochester, NY โ€ข On-site

$260 - $380/hr

Other

This job post hasย expired today.ย Applications are no longer accepted.


Job description

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

The Group Head of Catastrophe Risk Analytics is responsible for leading Catastrophe risk analytics activities across all of Starr Group. This critical leadership position acts as a thought leader and strategic partner, ensuring world class approaches to catastrophe risk modeling, risk analytics, and helps build portfolio management framework that is aligned with underwriting and enterprise risk management strategies. The ideal candidate has deep expertise in catastrophe modeling, a strong analytical mindset, exceptional communication skills, and proven leadership experience.

Key Responsibilities
  • Develop and execute the group-wide catastrophe risk analytics vision and strategy, ensuring alignment with underwriting strategy, corporate risk appetite and regulatory requirements.
  • Collaborate with underwriting, claims, actuarial, finance, and IT functions to deliver robust catastrophe risk insights that inform technical pricing, portfolio optimization, accumulation control, and capital management.
  • Lead group-wide efforts to aggregate catastrophe risk, and deliver associated analytics that support development and execution of underwriting strategy.
  • Lead, inspire, and mentor a team of analytics professionals, promoting collaboration, technical excellence, and innovation.
  • Evaluate emerging risks, trends, and technologies in catastrophe modeling and analytics, recommending adoption where appropriate.
  • Oversee the assessment of emerging risks (e.g. climate change, new perils) and evaluate/implement state of the art analytics technology and innovation.
  • Partner with external vendors, data providers, and internal technology partners to develop and deploy optimized catastrophe modeling workflows and toolset for production of risk analytics.
Qualifications
  • Advanced degree in a relevant field (e.g. Actuarial Science, Statistics, Geophysics, Engineering, Applied Mathematics, or similar).
  • A minimum of 15 years experience in catastrophe risk analytics, with significant exposure to both insurance and reinsurance business models.
  • Demonstrated experience in embedding advanced analytics and automation in catastrophe risk management processes.
  • In depth understanding of capital modeling, risk appetites, reinsurance structures, and portfolio optimization.
  • Strong leadership and people management track record, including in diverse, global, matrixed organizations.
  • Deep expertise in utilization of vendor catastrophe models (RMS, AIR) for development of risk analytics.
  • Excellent interpersonal and communication skills; able to translate complex analytics into actionable business insights.
  • Hands on experience with advanced analytics, statistical modeling, data governance, big data platforms and visualization tools.
  • Up to date knowledge of regulatory environments affecting catastrophe risk.
  • Strong programming and data science skills (e.g. Python, R, SQL).

Starr is an equal opportunity employer, which means weโ€™ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and weโ€™re committed to creating an inclusive environment for all employees.

We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

Starr is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever changing marketplace.

Join us and become part of our talented and passionate workforce.

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