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Contract Probabilistic Risk Analysis Engineer Jobs

Paco Group

Project Risk Specialist

New York, NY · On-site

$45 - $65/hr

Ability to analyze and interpret probabilistic risk data and assist in communicating key risk ... Bachelor's degree in Engineering, Construction Management, Project Controls, Business ...

JPL

Senior Master Scheduler V

Pasadena, CA · On-site

... analysis techniques, probabilistic risk modeling, and the ability to develop, package, and present ... Typically requires a Bachelor's degree in engineering, business administration or similar ...

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Contract Probabilistic Risk Analysis Engineer information

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$38K

$115.9K

$191.5K

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

As of Jun 14, 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 June 2026, with employment types broken down into 2% As Needed, 82% Full Time, 12% Part Time, 1% Temporary, and 3% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $115,864 per year, or $55.7 per hour.

Construction Field Change & Risk Lead

PMA Consultants Careers

Boise, ID

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 9 days ago

Job description

Position Summary

The Field Change & Risk Lead plays a critical role in supporting change management, risk analysis, and commercial project controls across large-scale capital projects and mega-project programs. This position is responsible for evaluating project risks, analyzing change impacts, validating contractor change proposals, and supporting data-driven decision-making related to cost, schedule, forecasting, and contingency management.

Working closely with project controls, cost, scheduling, engineering, and project management teams, the Field Change & Risk Lead supports the development and maintenance of risk registers, change management processes, quantitative and qualitative risk assessments, and project forecasting models. This role is heavily focused on identifying potential project threats and opportunities, mitigating commercial exposure, and ensuring alignment between approved project baselines, contractor performance, and project controls standards.

The ideal candidate possesses strong experience supporting industrial, semiconductor, energy, or EPC mega-project environments, with expertise in risk management, change control, cost engineering, forecasting, schedule impact analysis, and integrated project controls delivery.

Note: This opportunity is available at multiple levels. Final placement will be determined based on the selected candidate's experience, skills, and alignment with business needs. We are committed to providing fair and equitable consideration for all applicants.

Organizational Responsibilities
  • Lead and support project change management and risk management processes across large-scale capital programs and mega-project environments.
  • Develop, maintain, and analyze risk registers, risk models, and forecasting tools to support proactive project controls and decision-making.
  • Perform qualitative and quantitative risk assessments, including probabilistic modeling, schedule risk analysis, Monte Carlo simulations, and what-if scenario analysis.
  • Evaluate project risks, contractor change proposals, variation orders, potential change orders, and commercial impacts related to cost, schedule, and execution performance.
  • Support the implementation and governance of project change control processes, ensuring alignment between approved baselines, project controls standards, and contractual requirements.
  • Review contractor cost and schedule impacts, validate supporting documentation, and assist in the evaluation of contingency usage, forecasting, and Estimate at Completion (EAC) impacts.
  • Collaborate closely with project controls, schedulers, cost engineers, project managers, and cross-functional stakeholders to integrate risk management activities with project schedules, cost forecasts, and reporting systems.
  • Monitor risk mitigation efforts, trend analysis, and corrective actions to support schedule reliability, cost accuracy, and project performance objectives.
  • Support executive reporting related to project risks, forecasting, change impacts, and mitigation strategies.
  • Participate in risk workshops, stakeholder reviews, contractor meetings, and project controls governance activities.
  • Review contract documents and project requirements to support risk identification, change management, and commercial controls processes.
  • Support continuous improvement initiatives related to project controls, forecasting, risk management methodologies, and reporting standards.
Qualifications
  • Bachelor's degree in Engineering, Construction Management, Quantity Surveying, Business, Economics, Mathematics, Statistics, or a related field required.
  • Minimum 10 years of experience in risk management, project controls, cost engineering, change management, or related analytical functions supporting large-scale capital projects.
  • Experience supporting semiconductor, industrial, energy, oil & gas, EPC, or mega-project environments strongly preferred.
  • Strong knowledge of change management processes, risk management methodologies, forecasting, cost engineering, and integrated project controls delivery.
  • Experience performing schedule risk analysis, probabilistic modeling, Monte Carlo simulations, and quantitative risk assessments.
  • Proficiency with risk management and project controls software platforms such as Primavera Risk Analysis, Safran Risk, @Risk, Primavera P6, and related reporting tools.
  • Strong analytical, communication, and stakeholder management skills with the ability to evaluate complex project risks and communicate findings effectively to project teams and leadership.
  • Experience supporting contractor oversight, forecasting, contingency management, and commercial project controls processes within complex matrix organizations preferred.
Location and Commitments
  • Overtime work may be required occasionally to ensure certain deliverables are completed on time.
  • Weekend work is rare but occasionally may be necessary.
Physical Requirements & Working Conditions
An employee must meet the physical demands described here to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Please note that physical requirements may vary based on client needs.
  • Prolonged periods sitting at a desk and working on a computer.
  • The person in this position needs to occasionally move about inside the office environment including the use of stairs.
  • Ability to adjust focus, especially due to concentration on a computer screen.
  • Must communicate frequently with other departments and employees both verbally and in writing.
  • May need to lift and carry up to 15 pounds and/or position the body to reach items on the floor/below knee level or overhead.
About PMA
At PMA, employee well-being is a daily priority. We offer a combination of workplace options that include a PMA office location; work-from-home; or a client site. Wherever we work, we openly share knowledge as we believe that collaboration with peers improves our work product and that pursuing subject matter expertise is a lifelong endeavor.  
 
We are committed to a culture of equity, diversity, and inclusion. We affirm and respect diverse backgrounds and opinions because we believe they yield the best solutions for our clients. We promote emotional intelligence and trust by nurturing these values within our new hires.  
 
We encourage staff to develop rewarding, long-term careers at PMA, and we implement formal leadership development programs that help you attain your goals. At PMA, shared success is a core value. Every employee who contributes is recognized, celebrated, and rewarded. We look for self-driven candidates eager to assume responsibility and join a community of respect founded on collaboration and accountability, not titles. If you aim to transform the project management practice toward continuous improvement of project outcomes, the profession, and yourself, PMA looks forward to warmly welcoming you to our team.  
 
We offer competitive pay and benefits, wellness programs for you and your family, and career development opportunities to advance your professional goals.  
 
As a PMA professional, you will be empowered to make timely and effective decisions and significant daily contributions to complex facets of project delivery. Join a team that has achieved a world-class reputation in the construction industry and has been voted a "Best Place to Work." 
 
PMA offers competitive wages and comprehensive benefits, including medical, prescription, dental, vision, time off with pay, 401(k) with company match, life, disability, and professional development reimbursement for qualifying employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, gender identity, or gender expression), disability, national origin, or any other characteristic protected by applicable laws, regulations, and ordinances. Qualified female and minority applicants are encouraged to apply.
 
EOE, including persons with disabilities and veterans.
 
VEVRAA federal contractor.
 
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