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Insurance Risk Engineer Jobs in New Jersey (NOW HIRING)

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Insurance Risk Engineer information

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$39.6K

$103.3K

$139.6K

How much do insurance risk engineer jobs pay per year?

As of Jul 5, 2026, the average yearly pay for insurance risk engineer in New Jersey is $103,303.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,300.00 and $118,300.00 per year, depending on experience, location, and employer.

What does an Insurance Risk Engineer do?

An Insurance Risk Engineer assesses potential risks associated with a business or property to help insurers make informed underwriting decisions. They analyze safety protocols, operational procedures, and structural conditions to identify hazards and recommend risk mitigation strategies. Their goal is to minimize potential losses for both the insurer and the policyholder by implementing effective preventive measures. Risk engineers often conduct site inspections, review compliance with industry regulations, and provide detailed reports to underwriters. This role requires a strong understanding of engineering principles, risk assessment methodologies, and industry-specific safety standards.

What are the typical daily responsibilities of an Insurance Risk Engineer?

Insurance Risk Engineers commonly spend their days conducting on-site risk assessments of commercial and industrial properties, analyzing data to identify potential hazards, and preparing detailed risk evaluation reports for underwriters and clients. They often meet with property managers, safety officers, and other stakeholders to discuss best practices and recommend loss prevention measures. The role may involve occasional travel to client locations and close collaboration with underwriting and claims teams. This dynamic work environment enables continuous learning and opportunities to make tangible impacts on risk management outcomes.

What are the key skills and qualifications needed to thrive in the Insurance Risk Engineer position, and why are they important?

To thrive as an Insurance Risk Engineer, you need a solid background in engineering or a related technical field, strong analytical abilities, and in-depth knowledge of risk assessment methodologies. Familiarity with risk modeling software, industry safety codes, and certifications such as CFPS (Certified Fire Protection Specialist) or ARM (Associate in Risk Management) is highly valued. Exceptional communication, problem-solving skills, and attention to detail are key soft skills for effectively interacting with clients and translating complex technical findings. These competencies ensure accurate risk evaluations, support underwriters, and help mitigate losses, ultimately protecting both insurers and their clients.

What are popular job titles related to Insurance Risk Engineer jobs in New Jersey? For Insurance Risk Engineer jobs in New Jersey, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Engineer jobs in New Jersey look for? The top searched job categories for Insurance Risk Engineer jobs in New Jersey are:
Insurance Risk Engineer jobs near you
Probabilistic Risk Engineer III

Probabilistic Risk Engineer III

Holtec International

Camden, NJ • On-site

$130K - $145K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago

Holtec International rating

8.0

Company rating: 8.0 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

145th of 421 rated machine equipment manufacturers

Job description

The Probabilistic Safety Analysis (PSA) Engineer III supports Holtec's advanced reactor development by leading probabilistic safety analysis (PSA) efforts for the SMR-300 program. This role is part of a multidisciplinary engineering team responsible for risk-informed design, safety analysis, and licensing of next-generation nuclear technology. The position requires deep technical expertise in PSA and thermal-hydraulic modeling, along with the ability to translate complex risk insights into actionable design improvements within a fast-paced, highly regulated environment.
Location: Camden, NJ (On-site) - Relocation assistance available!
Primary Responsibilities:
  • Lead development of PSA models and supporting thermal-hydraulic analyses for risk-informed design and licensing
  • Develop Level 1 and Level 2 PRA models for internal and external events across full power and shutdown conditions
  • Perform thermal-hydraulic modeling (RELAP5-3D, MELCOR) to simulate core and containment response in severe accident scenarios
  • Develop and quantify event trees and fault trees to evaluate key risk metrics such as core damage frequency (CDF) and large release frequency (LRF)
  • Maintain and update PSA models as SMR-300 design evolves
  • Apply PSA results to support risk-informed programs (e.g., RTNSS, D-RAP, 10 CFR 50.69 categorization)
  • Partner with design engineers to integrate PSA insights into system and plant design decisions
  • Mentor junior engineers on PSA methodologies, tools, and best practices
  • Ensure technical accuracy, quality, and consistency across all PSA deliverables
  • Support regulatory interactions and documentation related to safety analysis and licensing

Requirements:
  • Bachelor's degree in Nuclear Engineering, Mechanical Engineering, or a related field
  • 6-10 years of experience in PSA and/or thermal-hydraulic safety analysis within the nuclear industry
  • Strong understanding of light water reactor (LWR) thermal-hydraulic behavior
  • Expertise with PSA and modeling tools (e.g., CAFTA, SAPHIRE, RiskSpectrum, RELAP5-3D, MELCOR)
  • Experience with PSA specialty areas such as external hazards (fire, flood, seismic) or low power/shutdown analysis preferred
  • Knowledge of PSA regulatory frameworks and ASME/ANS PRA standards
  • Strong analytical, technical writing, and communication skills
  • Ability to work cross-functionally in a complex engineering environment
  • Eligible to work under 10 CFR Part 810

A Generation Ahead by Design™
Investing in people who power the future.
We believe great work deserves great rewards. Our benefits go beyond the basics, reflecting our commitment to supporting your whole self...your health, your future, and your career growth. This includes:
Compensation:
  • Annual compensation based on skills and experience ranging from $130,000.00-$145,000.00

Benefits:
  • Industry-leading medical, dental, and vision coverage with a generous employer premium contribution and Day 1 eligibility!
  • FLEX Program - Hybrid work opportunities available for eligible roles, where business needs and role requirements allow
  • 401(k) retirement plan with up to a 5% company match and immediate vesting to support long-term financial security
  • Paid time off and 11 paid holidays to support rest, balance, and recharge
  • Wellness program offering rewards for participation in company-supported health initiatives
  • Commuter benefits supporting mass transit and commuter parking options
  • Company-paid life and AD&D insurance for added peace of mind
  • Education assistance to support continued education and professional growth
  • Employee support and voluntary benefits, including an Employee Assistance Program and optional coverage such as disability, legal, identity theft, and insurance programs
  • Benefits eligibility and offerings may vary based on role, location, and employment status

If you're driven to solve meaningful challenges and make a lasting impact, we invite you to build your career at Holtec-a generation ahead by design™.

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