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Mid Level Stochastic Modeling Jobs in Chicago, IL

Sargent & Lundy

Mid-Level Electrical Engineer

Chicago, IL · On-site

$74K - $113K/yr

Prepare documentation for design input for other drawing production and 3-D modeling. * Prepare detailed calculations, including auxiliary power system studies, voltage drop, protective relay ...

Sargent & Lundy

Mid-Level Civil Engineer

Chicago, IL · Hybrid

... models. * 2+ years of experience in detailed design of site grading and drainage, storm sewer systems, road design, transport plans, track design, and ponds * Power plant (combined cycle, simple ...

Sargent & Lundy

Mid-Level Civil Engineer

Chicago, IL · Hybrid

... models. * 2+ years of experience in detailed design of site grading and drainage, storm sewer systems, road design, transport plans, track design, and ponds * Power plant (combined cycle, simple ...

PULSE STUDIO, LLC

Be Seen First

Mid-Level Scenic & Event Designer 2026

Chicago, IL · On-site

$25 - $35/hr

Mid-Level Scenic & Event Designer (2 - 5+ Years of Experience) Pulse Studio LLC is a design ... Model, texture and light all elements involved with the project * Understand the varieties of light ...

Allstate

P&C Actuary Director - Reserving

Chicago, IL · On-site

Deep expertise in loss reserving methodologies (chain-ladder, Bornhuetter-Ferguson, Cape Cod, stochastic reserving, individual claim-level models) and advanced actuarial/statistical techniques.

Allstate

P&C Actuary Director - Reserving

Chicago, IL · On-site

Deep expertise in loss reserving methodologies (chain-ladder, Bornhuetter-Ferguson, Cape Cod, stochastic reserving, individual claim-level models) and advanced actuarial/statistical techniques.

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All JobsMid Level Stochastic Modeling JobsMid Level Stochastic Modeling Jobs in Chicago, IL

Mid Level Stochastic Modeling information

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How much do mid level stochastic modeling jobs pay per hour?

As of Aug 14, 2026, the average hourly pay for mid level stochastic modeling in Chicago, IL is $54.10, according to ZipRecruiter salary data. Most workers in this role earn between $47.55 and $65.38 per hour, depending on experience, location, and employer.

What are the most commonly searched types of Stochastic Modeling jobs in Chicago, IL?

The most popular types of Stochastic Modeling jobs in Chicago, IL are:

Mid Level Stochastic Modeling jobs near you
Infographic showing various Mid Level Stochastic Modeling job openings in Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $112,519 per year, or $54.1 per hour.

Mid-Level Electrical Engineer

Sargent & Lundy

Chicago, IL • On-site

$74K - $113K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 9 days ago

Sargent & Lundy rating

8.4

Company rating: 8.4 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

123rd of 447 rated engineering

Job description

Description
This position will offer you the opportunity to work in a project team environment with other engineers and designers involved in the design, modification, and analysis of electrical systems. Projects include power and energy, industrial, and renewable energy solar PV projects ranging from existing plant retrofits to new installations.
  • You will be involved in power distribution designs and the preparation of specifications for the procurement of major electrical power equipment and related installation services needed to support the projects.
  • Assist project lead in efforts to ensure projects are completed satisfactorily, on time, and within budget.
  • Coordinate systems design activities to ensure installation and operations will comply with specifications, codes, and client requirements.
  • Prepare functional design drawings including single line, relay and metering, cable block, and schematic diagrams. Prepare documentation for design input for other drawing production and 3-D modeling.
  • Prepare detailed calculations, including auxiliary power system studies, voltage drop, protective relay settings, and arc flash calculations.
  • Interface with vendors to prepare bills of material and equipment purchase specifications and provide recommendations to the client.
  • Prepare reports and studies that present technical information in a clear and concise manner and meet client requirements and S&L formats.
  • Develop your career via peer-learning by way of S&L's systems of process and associated "Communities of Practice."
  • Travel to client and vendor offices for design reviews and to plant site locations for construction coordination and field verification of designs.

This position is based on a hybrid work schedule and will require in-office work 3 days per week.
Qualifications
We do not sponsor employees for work authorization in the U.S. for this position.
Essential skills and experience:
  • A BS in Electrical Engineering degree from an ABET-accredited engineering program is required and an emphasis in power systems is preferred.
  • 3 or more years of experience in power plant or industrial plant design, with a focus on integrated, detailed system design for new facilities, or modifications or replacements for existing facilities.
  • Experience in the selection of equipment, materials, control philosophy, and the preparation and assembling of calculations and specifications.
  • Experience with electrical system design including medium and low voltage distribution systems (transformers, generators, motors), communication systems, equipment selection, and analytical calculations.
  • Technically knowledgeable of available electrical power distribution equipment.
  • This position may require occasional travel.

Valued but not required skills and experience:
  • Successful completion of the Fundamentals of Engineering (FE) exam, and designation as an Engineer in Training.
  • Experience performing calculations in ETAP and/or SKM.

AI & Automation at Sargent & Lundy
In this role, we expect people to be willing or able to solve problems using modern tools:
  • You are expected to take engineering problems from issue to solution using data and modern tools such as automation and AI to improve workflows, reduce rework, and deliver cost-effective designs.
  • Many engineers in these roles build or use automation to create calculations, summarize technical documents, or draft design documentation, including appropriate use of agentic AI tools, with strong engineering judgment and verification of results.
  • Programming or scripting (e.g., Python, MATLAB, advanced Excel) to automate calculations, design checks, reporting, or data transformation is valued but not required.
  • We also value additional learning, such as a minor, certificate, or other training in Computer Science, Artificial Intelligence, Software Engineering, or related fields that helps you apply automation or agentic AI to real engineering problems.

Award-Winning Benefits
At Sargent & Lundy, we care about the health and well-being of our employees. Our commitment extends beyond the workplace, offering comprehensive healthcare plans and generous paid time off to support our team members in every aspect of their lives. We understand the importance of work-life balance, which is why we are proud to provide competitive, award-winning benefits. Our dedication to employee satisfaction has earned us the prestigious Top Workplaces Culture Excellence Award for compensation and benefits in 2022, 2023, and 2024.
Health & WellnessFinancial BenefitsWork-Life Balance
  • Health Plans: Medical, Dental, Vision
  • Life & Accident Insurance
  • Disability Coverage
  • Employee Assistance Program (EAP)
  • Back-Up Daycare
  • FSA & HSA
  • 401(k)
  • Pre-Tax Commuter Account
  • Merit Scholarship Program
  • Employee Discount Program
  • Corporate Charitable Giving Program
  • Tuition Assistance
  • First Professional Licensure Bonus
  • Employee Referral Bonus
  • Paid Annual Personal/Sick Time (PST)
  • Paid Vacation
  • Paid Holidays
  • Paid Parental Leave
  • Paid Bereavement Leave
  • Flexible Work Arrangements

Compensation Range
$74,353 - $113,595
Transparency Statement
Sargent & Lundy discloses compensation ranges that comply with all local and state regulations. The total compensation package for eligible positions will include a base salary or an hourly rate and a comprehensive benefits package, reflecting our commitment to rewarding performance and supporting the overall well-being of our employees. Individuals may also be eligible to participate in our yearly discretionary bonus.
About This Business Unit
The Energy & Industrial Group (EIG) specializes in delivering advanced engineering solutions across various sectors, including power generation, environmental compliance, oil & gas, and industrial projects, from new plant design to plant betterment and upgrade services for operating facilities. We have designed nearly 900 conventional power plants, yielding over 100,000 megawatts (MW) of generation capacity. Our expertise includes numerous recent and ongoing combined cycle projects that leverage the latest advanced machinery, including combustion turbines, steam turbines, and heat recovery steam generators from all leading suppliers. EIG is recognized for its commitment to decarbonization through innovative technologies in renewable energy, carbon capture, and hydrogen power. We excel in detailed engineering services for photovoltaic (PV) solar projects and energy storage integration, and lead the industry in carbon capture technologies, managing projects from conceptual studies, pilot demonstrations and through commercial scale implementation for utilities and industrial plants.
Equal Opportunity
Sargent & Lundy is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability status, protected veteran status, or any protected status as defined by applicable law.

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About Sargent & Lundy

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Sargent & Lundy is one of the most experienced full-service architect-engineering firms in the world. Founded in 1891, the firm is a global leader in power and energy with expertise in grid modernization, renewable energy, energy storage, nuclear power, and fossil fuels. Sargent & Lundy delivers comprehensive project services--from consulting, design and implementation to construction management, commissioning and operations/maintenance--with an emphasis on quality and safety. The firm serves public and private sector clients in the power and energy, gas distribution, industrial, and government sectors.

Industry

Civil engineering construction

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

1891

Social media

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