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Model Development Jobs (NOW HIRING)

Minimum of 7 years of relevant experience in model development or model validation * Broad knowledge of relevant modeling frameworks and standards is required * Strong knowledge of financial products ...

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Model Development information

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$50K

$107.7K

$173.5K

How much do model development jobs pay per year?

As of Jun 3, 2026, the average yearly pay for model development in the United States is $107,697.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,000.00 and $121,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Model Development, and why are they important?

To thrive in Model Development, you need a strong background in statistics, mathematics, programming (often in Python or R), and a relevant degree such as in data science, economics, or computer science. Familiarity with machine learning frameworks, statistical modeling tools, and data visualization platforms is typically required, along with certifications like SAS or FRM being advantageous. Strong analytical thinking, attention to detail, and effective communication skills help professionals interpret data, validate models, and explain results to stakeholders. These skills ensure robust, compliant, and actionable models that drive sound business decisions.

What are typical challenges faced by professionals in Model Development roles, and how can they be addressed?

Model Development professionals often face challenges such as managing large and complex datasets, ensuring model accuracy and regulatory compliance, and effectively communicating technical findings to non-technical stakeholders. Addressing these challenges requires strong data management practices, staying updated with the latest industry regulations, and honing communication skills to translate complex results into actionable insights. Collaboration with cross-functional teams, such as data engineers and business analysts, is also key to successful model implementation and ongoing performance monitoring.

What is model development?

Model development is the process of designing, building, testing, and refining mathematical, statistical, or machine learning models to solve specific business or research problems. These models are used to analyze data, make predictions, or automate decision-making. The process typically involves data collection, feature engineering, model selection, training, validation, and ongoing monitoring to ensure accuracy and relevance. Model developers often work in fields like finance, healthcare, and technology, where data-driven insights are crucial.

What is the difference between Model Development vs Data Analysis?

AspectModel DevelopmentData Analysis
Required CredentialsDegree in Data Science, Statistics, or related fields; programming skillsDegree in Statistics, Mathematics, or related fields; analytical skills
Work EnvironmentDeveloping predictive models, coding, testing algorithmsInterpreting data, generating reports, identifying trends
Industry UsageUsed in machine learning, AI, predictive analyticsUsed in business intelligence, reporting, data visualization

Model Development focuses on creating algorithms and predictive models using programming and statistical techniques, often in machine learning contexts. Data Analysis involves examining datasets to extract insights, generate reports, and support decision-making. While both roles require strong analytical skills, Model Development emphasizes building models, whereas Data Analysis centers on interpreting data and communicating findings.

More about Model Development jobs
What cities are hiring for Model Development jobs? Cities with the most Model Development job openings:
What are the most commonly searched types of Model Development jobs? The most popular types of Model Development jobs are:
What states have the most Model Development jobs? States with the most job openings for Model Development jobs include:
Infographic showing various Model Development job openings in the United States as of May 2026, with employment types broken down into 3% As Needed, 52% Full Time, 42% Part Time, and 3% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $107,697 per year, or $51.8 per hour.

Mechanical Engineer or Analyst Model Development

Terrestrial Energy

Bryan, TX โ€ข On-site

Full-time

Medical, PTO

Posted 29 days ago


Job description

Salary:

Come join us at Terrestrial Energy, a US developer of advanced, Generation IV nuclear reactors. We are growing our workforce to develop and deploy our Integral Molten Salt Reactor (IMSR) small modular nuclear plant to provide cost-competitive, clean firm heat and power to industry.

The Company has recently completed a merger creating a publicly listed operating company (NASDAQ IMSR), to secure the capital resources for our next growth phase. With the current alignment of US Federal and State government, as well as industry interest in Small Modular Reactor (SMR) and advanced reactor technologies such as Terrestrial Energys IMSR, there is today a unique and compelling opportunity to participate in the execution of the companys growth business plan.

The Company is building a team of high-performing business professionals and leaders in engineering, R&D, product management and business development areas at our Charlotte, North Carolina headquarters and future project sites. We are looking for talented individuals who can help build the organization, processes, and goal-orientated corporate culture to lead the company in our expansion. We are seeking people who:

  • Have US market experience and perspectives bringing good judgement and innovative approaches to problem solving and business plan execution.
  • Have demonstrated exceptional performance in past engineering projects.
  • Offer exceptional leadership and team building capabilities.
  • Have a deep understanding of the requirements for advanced reactor development.
  • Can assist in the creation of the discipline and organized company structure, and contribute to a culture of excellence, necessary for the development and deployment of the Companys IMSR plant.
  • Can thrive in a fast growing and opportunity business environment, and are capable of flexibility and adaptability at a time of organizational change.
  • Have the specific skillset and experience for the following role:

The Mechanical Engineer/Analyst Model Development, under the direction the Mechanical Engineering Manager, is primarily responsible for contributing to the design and analysis of IMSR reactor systems, components and materials through the Detailed Engineering phase.

In particular, the role will include developing and implementing custom Engineering models for predicting the behavior and integrity of reactor materials, components, and systems throughout their operating life under IMSR reactor environmental conditions.

Other responsibilities include:

  • Conducting literature and operating experience (OPEX) reviews to support design and model development
  • Collaborating with the Research and Development (R&D) group to translate experimental results into custom Engineering models of components and materials under reactor conditions and to plan new experiments as needed
  • Preparing models, calculations and reports for analysis of reactor components (such as graphite core components, core support structures, the reactor vessel, and other in-core components) including evaluating the effects of irradiation, fatigue, creep, dynamic and static mechanical and thermal loads, and other aspects as needed
  • Developing computer codes for building custom analysis tools, automating input/output processing and customizing functionality of commercial software
  • Attending and participating in conferences and industry events to stay familiar with and contribute to the development of current codes, standards, and industry best practices
  • Interface with external experts and regulatory agencies


Core Competencies

  • Mechanical and Material model development
  • Strong knowledge of solid mechanics and material science fundamentals
  • Communication
  • Critical Thinking
  • Decision Making
  • Leadership
  • Planning and Organizing
  • Problem Solving
  • Results Orientation
  • Team player with the ability to collaborate and interact with other groups
  • Flexible and adaptable to change


Requirements

  • Degree or diploma in Mechanical Engineering, Materials Engineering, Nuclear Engineering, or alternate degree in a related field
  • Minimum 4 years of work experience in mechanical and materials modelling and analysis (relevant graduate studies and academic research experience will be considered, and exceptions may be considered for particularly well-suited experience of shorter duration)
  • Strong theoretical understanding of underlying mechanics of materials and material science fundamentals
  • Experience with ANSYS Mechanical or other commercial FEA software (ANSYS Mechanical APDL is preferred)
  • Experience with computer programming (Python, C, Fortran, C++, or other) for data pre/post processing or automation/customization of simulations in commercial software
  • Knowledge of fatigue, creep, dynamic and static, linear and non-linear analyses
  • Willingness to adapt and learn new approaches and areas of expertise
  • Strong communication (both written and verbal) skills
  • Demonstrated ability to work independently and with teams on problems that are challenging to solve and requiring innovative solutions


Assets

  • Graduate-level degree (Masters or PhD) with an applicable specialization
  • Experience with analysis of non-metallic materials (particularly graphite or similar materials)
  • Experience with the implementation of user programmable features for custom constitutive models within a commercial FEA software (such as UserMat in ANSYS or UMAT in ABAQUS)
  • Working knowledge of the effects of radiation on materials of construction (graphite and alloy)
  • Knowledge of nuclear and/or non-nuclear codes and standards including ASME Section III Division 1, Division 5, CSA N285.0 and ASME B31.1, CSA B51
  • Experience with high temperature reactor applications and knowledge of ASME Section III Division 5 is strongly preferred
  • Experience running large-scale models using HPCs
  • Licensed Professional Engineer

Benefits

  • Extended Healthcare Plan
  • A vacation policy designed to support your work-life balance
  • EAP Programs available to you and your family
  • Wellness Subsidy
  • Annual Performance Review
  • Paid Volunteer Days A chance to give back!
  • Career development opportunities


Please submit a Resume andCover Letter.


Candidates must be legally authorized to work in the US without the need for sponsorship for employment visa status.


Terrestrial Energy requires that the successful candidate be able to access and use information subject to U.S. Export Control Laws, which mandate all citizenships (including dual citizenships) be from the U.S. Department of Energys List of Generally Authorized Countries (10 CFR Part 810 Appendix A and can be found here:

https://www.ecfr.gov/current/title-10/chapter-III/part-810/appendix-Appendix%20A%20to%20Part%20810
) unless a specific authorization from the U.S. Department of Energy is obtained or unless you are a U.S. citizen, U.S. national, U.S. permanent resident, or protected individual under the U.S. Immigration and Naturalization Act (8 U.S.C. 1324b(a)(3)). Additional information can be found here: https://www.energy.gov/nnsa/10-cfr-part-810.

Terrestrial Energy Inc. is an equal opportunity employer and does not discriminate on the basis of any legally protected status or group. We encourage applications from all qualified individuals.

If you require accommodation during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made. If you require technical support in a format that is accessible to you, please contact Accessibility@terrestrialenergy.com