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$38K

$115.9K

$191.5K

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

As of Jul 11, 2026, the average yearly pay for contract probabilistic risk analysis engineer in the United States is $115,864.00, 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 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, and why are they important?

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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Contract Probabilistic Risk Analysis Engineer jobs near you
Infographic showing various Contract Probabilistic Risk Analysis Engineer job openings in the United States as of July 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 83% Physical, 3% Hybrid, and 14% Remote job distribution, with an average salary of $115,864 per year, or $55.7 per hour.
Principal Engineer, Probabilistic Risk Assessments - Remote Based

Principal Engineer, Probabilistic Risk Assessments - Remote Based

Westinghouse Electric Company, LLC

Cranberry Township, PA • On-site, Remote

$103K - $129K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 20 days ago

Job description

Are you interested in being part of an innovative team that supports Westinghouse's mission to provide clean energy solutions? At Westinghouse, we recognize that our employees are our most valuable asset and we seek to identify, attract and recruit the most qualified talent while recognizing and encouraging the value of diversity in the global workplace.
About the role:
If this sounds like an environment you would excel in, we have an exciting opportunity for a Principal Engineer in our Risk Analysis team. This is a US-based remote opportunity.
You will report to the Senior Manager, Risk Analysis and this will be a remote based role.
Key Responsibilities:
  • Perform Probabilistic Risk Assessments (PRA) for complex nuclear power plant systems; evaluating a plant's potential vulnerability to all risk and hazard types (i.e., seismic, fire, flooding, etc.). Assessments may support both domestic and international operating plants, as well as new reactors still in the design phase.
  • Lead global project teams by contributing to technical scope execution in various roles (author, mentor, verifier), as well as meeting schedule and financial objectives.
  • Present technical topics and interface with global customers and regulatory bodies.
  • Support and identify strategic initiatives, develop product offerings, and pursue target product markets.
  • Mentor early-career engineers and lead initiatives for knowledge management and retention.

Qualifications:
  • Bachelor's degree in Engineering required.
  • 10+ years professional experience with minimum 7 years of experience with PRA Model development applied to nuclear plants.
  • Advanced degree and/or Professional Engineer license considered a plus.
  • Knowledge of PWR reactor operations.
  • In addition to basic Risk and Hazard skills, you should have a knowledge of:•
    • Internal/External Hazards PRAs
    • Level 2 PRAs
    • Human Reliability Analysis (HRA)
    • Emergency Operating Procedures (EOPs)
  • Proficiency with PRA software (CAFTA, RiskSpectrum)
  • Peer Review experience preferred.

We are committed to transparency and equity in all of our people practices. The base salary range for this position, which is dependent upon experience, qualifications and skills, is estimated to be $103,200 to $129,000 per year.
#LI-Remote
Why Westinghouse?
Our benefits package is tailored to meet the diverse needs of our employees, while also promoting wellness and career growth. The following are representative of what we offer:
  • Comprehensive Medical benefits which could include medical, dental, vision, prescription coverage and Health Savings Account (HSA) with employer contributions options
  • Wellness Programs designed to support employees in maintaining their health and well-being including Employee Assistance Program providing support for our employees and their household members
  • 401(k) with Company Match Contributions to support employees' retirement
  • Paid Vacations and Company Holidays
  • Opportunities for Flexible Work Arrangements to promote work-life balance
  • Educational Reimbursement and Comprehensive Career Programs to help employees grow in their careers
  • Global Recognition and Service Programs to celebrate employee accomplishments and service
  • Employee Referral Program

Westinghouse Electric Company is the global nuclear energy industry's first choice for safe, clean, and efficient energy solutions. We enable our delivery of this vision by living our value system:
  • Safety and Quality
  • Integrity and Trust
  • Customer Focus and Innovation
  • Speed and Passion to Win
  • Teamwork and Accountability

While our Global Headquarters are located in Cranberry Township, PA, we have over 11,000 employees working at locations in 19 different countries. You can learn more by visiting http://www.westinghousenuclear.com.
Westinghouse is an Equal Opportunity Employer including Veterans and Individuals with Disabilities
Get connected with Westinghouse on social media: Twitter | Facebook | LinkedIn| YouTube
Employment opportunities may require access to information which is subject to the export control regulations of the United States. Hiring decisions for such positions are required by law to be made in compliance with these regulations. Applicants for employment opportunities in other countries must be able to meet the comparable export control requirements of that country and of the United States.

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