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Contract Probabilistic Risk Analysis Engineer Jobs in Oak Brook, IL

ENTERPRISE CONTRACT ANALYST

Chicago, IL

$71K - $86K/yr

... analysis, and makes recommendations to management related to enterprise contract initiatives Develop and maintain complex financial models evaluating cost, reimbursement impacts, and risk across ...

Business Analyst, IAM Risk & Audit

Chicago, IL

$88K - $151K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This position partners with IAM engineering teams, risk management, internal audit, compliance ... Reporting & Data Analysis * Develop and maintain IAM risk, audit, and compliance reporting.

Insurance Risk Management Analyst

Oakbrook Terrace, IL · On-site

$66K - $83K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Review the insurance section of the client contract and issue certificates of insurance in ... Activities include analysis of underwriting information for accuracy, timely completion of ...

Business Analyst, IAM Risk & Audit

Chicago, IL · On-site

$88K - $151K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This position partners with IAM engineering teams, risk management, internal audit, compliance ... Reporting & Data Analysis * Develop and maintain IAM risk, audit, and compliance reporting.

Business Analyst, IAM Risk & Audit

Chicago, IL · On-site

$88K - $151K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This position partners with IAM engineering teams, risk management, internal audit, compliance ... Reporting & Data Analysis * Develop and maintain IAM risk, audit, and compliance reporting.

Water Resources Engineer - FEMA

Chicago, IL · Remote

$81K - $111K/yr

... risk analysis, mapping, and related services on projects throughout the Mid-Atlantic, Midwest, and Northeast U.S. regions. This position will be an integral member supporting contracts with the ...

Design Verification Engineer

Chicago, IL · On-site

$45 - $55/hr

  • Medical

  • Dental

  • Retirement

  • PTO

This individual will serve as a technical expert in device testing, design inputs, risk analyses ... W2 Contract (approximately 6 months) * Potential for contract-to-hire conversion Compensation ...

... Engineering, or related), or equivalent technical experience or demonstrated quantitative aptitude. * 3-7 years of experience in investment analysis, risk management, or asset allocation, ideally ...

New

Campus Quantitative Trader (Full-Time)

Chicago, IL · On-site

$300K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

They leverage their impeccable statistical analysis and data mining skills, using the results of ... Programming experience * Appetite for risk-taking * Demonstrated interest in financial markets ...

... flood risk analysis, mapping, and related services on Federal Emergency Management Agency (FEMA ... Customize GIS workflow and software programs for data collection, engineering, and environmental ...

Showing results 41-60

Contract Probabilistic Risk Analysis Engineer information

See Oak Brook, IL salary details

$38.4K

$116.9K

$193.3K

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

As of Aug 16, 2026, the average yearly pay for contract probabilistic risk analysis engineer in Oak Brook, IL is $116,934.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,800.00 and $152,900.00 per year, depending on experience, location, and employer.

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.

What are popular job titles related to Contract Probabilistic Risk Analysis Engineer jobs in Oak Brook, IL?

For Contract Probabilistic Risk Analysis Engineer jobs in Oak Brook, IL, the most frequently searched job titles are:

What cities near Oak Brook, IL are hiring for Contract Probabilistic Risk Analysis Engineer jobs?

Cities near Oak Brook, IL with the most Contract Probabilistic Risk Analysis Engineer job openings:

Infographic showing various Contract Probabilistic Risk Analysis Engineer job openings in Oak Brook, IL as of August 2026, with employment types broken down into 1% Internship, 82% Full Time, 13% Part Time, and 4% Contract. Highlights an 84% Physical, 5% Hybrid, and 11% Remote job distribution, with an average salary of $116,934 per year, or $56.2 per hour.

Principal Structural Engineer - Dynamic Design Analysis

Zachry Group

Downers Grove, IL • On-site

$158K - $196K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 17 days ago


Zachry Group rating

6.7

Company rating: 6.7 out of 10

Based on 63 frontline employees who took The Breakroom Quiz

62nd of 80 rated construction


Job description

Zachry Engineering Corporation is looking for a Principal Structural Engineer - Dynamic Design Analysis.  We are looking for a Subject Matter Expert (SME) who lives at the intersection of high-level structural integrity and complex vibration theory to lead the design of massive machine foundations for combustion turbines and heavy industrial assets. This position is open to candidates who can physically work from an office in Downers Grove, IL, Houston, Texas, Omaha, NE, Charlotte, NC, or Greenville, SC.

  • Bachelor's Degree in Civil/Structural Engineering with focus in Dynamic Analysis.

  • 15+ years of Structural Engineering experience in the Power and Industrial industry.

  • Professional registration as a Professional Engineer (P.E.). (required) 

  • Professional registration as a Structural Engineer (S.E.) (preferred)

  • Knowledge of AutoCAD, STAADPro, RISA, Enercalc or similar analysis software

  • Familiarity with 3D design and viewing software such as Navisworks.

  • Experience with large power generation and industrial projects.

  • Knowledge and understanding of engineering, construction, and project management.

  • Deep understanding of ACI 351.3R (Foundations for Dynamic Equipment) and rotating machinery dynamics.

  • Excellent communication and presentation skills.

  • Strong Microsoft Office software skills

  • Must possess authorization to work in the United States for any employer without the need for sponsorship now or in the future.

LI-CT1

In accordance with Illinois Equal Pay Act, the expected salary range for this Principal Structural Engineer - Dynamic Design Analysis position is between $158,000 and $196,700 annually.   Actual pay will be adjusted based on experience, geographic location, and other job-related factors as permitted by law. 

This Principal Structural - Dynamic Design Analysis position is eligible for participation in Zachry's Total Employee Rewards Program, which includes medical, dental, vision, life insurance, disability coverage, and other ancillary benefits. This position is also eligible for participation in the 401(k) Retirement Savings Plan.

  • Act as the Subject Matter Expert (SME) for dynamic machine-foundation-soil interaction (SSI) for combustion turbines and high-speed rotating equipment.

  • Execute and oversee complex FEA to simulate thermal loads, seismic events, and harmonic vibrations, ensuring resonance separation and structural longevity.

  • Drive the evolution of design standards for massive reinforced concrete structures, balancing material efficiency with extreme performance requirements.

  • Lead multidisciplinary teams through the full project lifecycle-from initial geotechnical interpretation to final site construction and vibration troubleshooting.

  • Conduct rigorous peer reviews and forensic engineering assessments for existing facilities to address settlement or vibration-related issues.

  • Lead and provide technical guidance throughout the structural design and engineering process, often serving as the senior reviewer of calculations and structural models.

  • Provide specific to discipline technical expertise to the degree of preparing and providing training for junior engineering personnel.

  • Prepare data and visualizations such as tables, charts, reports, sketches, calculations, cross-sections, and 2D/3D illustrations for the interpretation or presentation of more complex data, findings, or analyses.

  • Consider construction costs, government regulations, potential environmental hazards, and other factors in planning stages and risk analysis.

  • Independently evaluate, select, and apply standard engineering techniques, procedures, and criteria using judgment in making minor adaptations and modifications.

  • Travel to job sites and participate in walkdowns and provide construction or commissioning support.

  • Coordinate with other disciplines, departments, and companies to ensure seamless technical compatibility and completion of engineering tasks safely, on-time, within budget and meeting all quality requirements.


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About Zachry Group

Sourced by ZipRecruiter

Zachry Group is America's pacesetter in turnkey construction, engineering, maintenance, turnaround and fabrication services in the power, energy, chemicals, manufacturing and industrial sectors. It works with customers to plan, build, and renew their most critical facilities, so they can achieve their immediate and long-term goals, all at the highest safety standards. Zachry Group operates 35 offices, and averages 20,000 employees working in more than 400 locations nationwide. Please visit www.zachrygroup.com for more information.

Industry

Construction

Company size

10,000+ Employees

Headquarters location

San Antonio, TX, US

Year founded

1924