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Probabilistic Risk Assessment Engineer Jobs in Addison, IL

SageSure

Catastrophe Risk Analyst

Chicago, IL · On-site

Analyze large datasets (e.g., exposure data, claims data, hazard data) to assess model performance ... Familiarity with stochastic simulation, probabilistic risk modeling, and quantitative methods.

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

Analyze large datasets (e.g., exposure data, claims data, hazard data) to assess model performance ... Familiarity with stochastic simulation, probabilistic risk modeling, and related statistical ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

Analyze large datasets (e.g., exposure data, claims data, hazard data) to assess model performance ... Familiarity with stochastic simulation, probabilistic risk modeling, and related statistical ...

Aramco

Enterprise Risk Management Specialist

Chicago, IL

$101K/yr

Lead the annual Corporate Risk Assessment process across all business lines and affiliates. * Guide ... Bachelor's degree in Engineering, Economics, Business Administration, Accounting, Financial ...

Aramco

Enterprise Risk Management Specialist

Chicago, IL

$101K/yr

Lead the annual Corporate Risk Assessment process across all business lines and affiliates. * Guide ... Bachelor's degree in Engineering, Economics, Business Administration, Accounting, Financial ...

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All JobsProbabilistic Risk Assessment Engineer JobsProbabilistic Risk Assessment Engineer Jobs in Addison, IL

Probabilistic Risk Assessment Engineer information

See Addison, IL salary details

$38.1K

$116.1K

$191.9K

How much do probabilistic risk assessment engineer jobs pay per year?

As of Jun 14, 2026, the average yearly pay for probabilistic risk assessment engineer in Addison, IL is $116,081.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,200.00 and $151,800.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Probabilistic Risk Assessment Engineer, and why are they important?

To thrive as a Probabilistic Risk Assessment Engineer, you need a solid background in mathematics, statistics, and engineering principles, generally supported by a degree in engineering or a related field. Familiarity with specialized software such as SAPHIRE, RiskSpectrum, or CAFTA, as well as industry-specific standards and certifications like ASME or NRC guidelines, is typically required. Strong analytical thinking, attention to detail, and effective communication skills are essential for interpreting complex data and presenting findings to diverse stakeholders. These skills and qualifications are crucial for accurately assessing risks, ensuring regulatory compliance, and supporting the safety and reliability of critical systems.

What is a Probabilistic Risk Assessment Engineer?

A Probabilistic Risk Assessment (PRA) Engineer is a professional who evaluates the likelihood and potential consequences of risks in complex systems, often in industries such as nuclear power, aerospace, or chemical processing. They use quantitative methods and statistical models to analyze possible failure scenarios and their impacts, helping organizations make informed decisions about safety and reliability. PRA Engineers play a crucial role in identifying vulnerabilities, recommending risk mitigation strategies, and ensuring compliance with regulatory standards. Their work helps minimize the chances of catastrophic failures and improves overall system safety.

How does a Probabilistic Risk Assessment Engineer typically collaborate with other engineering and safety teams during a project?

Probabilistic Risk Assessment Engineers frequently work in multidisciplinary teams, collaborating closely with safety engineers, systems engineers, and project managers to analyze and mitigate potential risks. They provide quantitative risk assessments that inform design decisions, operational procedures, and regulatory compliance efforts. Regular meetings and data-sharing sessions are common, ensuring that risk insights are integrated throughout the project lifecycle. This collaborative environment enables effective communication of complex risk scenarios and fosters a culture of safety and continuous improvement.

What is the difference between Probabilistic Risk Assessment Engineer vs Fault Tree Analyst?

AspectProbabilistic Risk Assessment EngineerFault Tree Analyst
CredentialsEngineering degree, certifications in risk analysis or reliabilityEngineering or technical background, certifications in fault tree analysis
Work EnvironmentIndustry settings like energy, aerospace, nuclear; risk modelingSafety analysis teams, engineering departments; fault tree development
Employer & Industry UsageUsed by utilities, aerospace, nuclear plants for risk assessmentUsed in safety engineering, accident prevention, reliability studies

Both roles focus on safety and risk analysis but differ in scope. Probabilistic Risk Assessment Engineers develop comprehensive models to quantify risks, while Fault Tree Analysts focus specifically on fault tree development to identify failure pathways. The roles often collaborate but serve distinct functions within safety and reliability teams.

What cities near Addison, IL are hiring for Probabilistic Risk Assessment Engineer jobs? Cities near Addison, IL with the most Probabilistic Risk Assessment Engineer job openings:
Probabilistic Risk Assessment Engineer jobs near you
Senior Staff Consultant (Safety & Risk Assessment)

Senior Staff Consultant (Safety & Risk Assessment)

Engineering Systems Inc

Aurora, IL • On-site

$110K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Job description

About ESi

Engineering Systems Inc. (ESi) is an engineering and scientific investigation and failure analysis firm. We are frequently retained by law firms, insurance companies, and manufacturers to answer complex technical questions on projects ranging from small, focused investigations to large-scale, high-profile losses.


Our work spans a wide range of challenges, including major transportation accidents, equipment and product failures, personal injury claims, and damage to residential, commercial, and industrial structures. The variety, complexity, and real-world impact of our projects create deeply fulfilling and intellectually engaging careers for our consultants.


At ESi, you’ll have the opportunity to shape your own path while being supported by a collaborative culture, national expertise, and industry-leading resources.


Why ESi

ESi’s Safety team conducts multidisciplinary analyses to investigate incidents, determine root causes, and support litigation, while proactively identifying hazards and assessing risk. The team evaluates human factors and safety across products and environments, ensuring compliance with applicable standards in a collaborative, growth-focused setting.


Key Responsibilities

  • Evaluates root causes in equipment, consumer products, and recreational accidents, including issues regarding human factors, risk reduction, warnings and instructions, and engineering controls.
  • Identifies and reviews existing media (e.g., photographs, video, witness statements, depositions, police and accident reports) to develop preliminary conclusions and plan further investigation.
  • Conducts inspections of accident scenes and of involved or exemplar machines, safety equipment, consumer products, and other items as needed.
  • Locates, assesses pertinence of, and applies consensus safety standards, scientific literature, existing test data, and governmental regulations.
  • Designs and conducts testing and/or develops models to obtain and evaluate product performance or human factors data.
  • As part of a team, conducts risk assessments or job safety analyses for a variety of products and industrial machines.
  • Prepares written reports and verbal presentations of findings in clear, concise, and easy-to-understand terms.
  • Provides legal testimony in a variety of venues, including courtroom settings.
  • Manages client projects including collaboration with and delegation of tasks to other engineers and support staff.
  • Works with Business Development to identify potential clients and strategies to build client base.
  • Performs other duties as assigned.

Qualifications

Education / Certifications / Licenses Required

  • Bachelor’s degree in Mechanical Engineering, Industrial Engineering, or related field required; Master’s degree or Ph.D. preferred.
  • Licensed Professional Engineer (P.E.) or Certified Safety Professional (C.S.P.) preferred.

Experience Required

  • 3–10 years of experience in engineering and/or safety, including consumer product evaluations, risk assessment, or product design reviews (and/or equivalent academic experience).
  • Experience working in product testing or design evaluations, forensic engineering, teaching, and/or in-depth knowledge of human factors or risk assessment methodology.
  • Track record authoring high-quality technical reports and/or peer-reviewed publications.
  • Experience providing expert testimony desirable; preferred experience in the consulting industry.

Other Technical & Non-Technical Skills

  • Full competency in Office productivity software; advanced skills in technical computing environments and statistical software.
  • Ability to interact with clients in a professional manner and develop business both internally and externally.
  • Ability to communicate in a clear and concise manner both orally and in writing.
  • Must be available to travel occasionally as part of the national practice.


What We Can Offer You

We believe great work happens when people feel supported, challenged, and trusted. Some of the benefits we offer include:


  • Medical, Dental & Vision
  • Life Insurance/Voluntary Life Insurance/Universal Life Insurance
  • 401k with employer match
  • Pet Insurance
  • Competitive salary with merit-based or annual bonus programs
  • Flexible Time Off (FTO) – encouraged to take 20 days of paid time off/year
  • 10 paid holidays (9 standard holidays and 1 floating holiday)
  • Work/Life Balance in a collaborative working environment
  • Wellness Reimbursement
  • Career Growth & Continuing education opportunities

The pay range listed reflects a good-faith estimate of the compensation we expect to offer most candidates for this role. Total compensation includes a competitive base salary and bonus opportunity, with final pay determined by job-related factors such as experience, qualifications, individual performance, and overall company performance.


After internal discussions and market research, the current pay band for this opportunity is $110,000 to $140,000.

Physical Demands:

This role requires frequently sitting or standing for extended periods of time and occasionally lifting and/or moving items weighing up to 50 pounds, with infrequent lifting up to 75 pounds. The work regularly requires bending, twisting, kneeling, crouching, and maintaining balance. This position frequently requires handling and operating specialized tools and equipment and working in a variety of physical positions, including occasionally accessing tight or confined spaces. The physical demands described here are representative of those that must be met to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Work Environment:

Work is performed in both office and field environments, including active construction sites, industrial settings, and damaged or compromised structures. The work environment may include exposure to varying noise levels, weather conditions, uneven terrain, and site-specific hazards. Use of personal protective equipment (PPE) may be required depending on site conditions. The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

To all recruitment agencies: ESi does not accept unsolicited resumes from search firms or agencies. Any resume submitted to any employee of ESi without a prior written search agreement will be considered unsolicited and the property of ESi. Please, no phone calls or emails.

ESi is an equal opportunity employer committed to attracting and retaining the most qualified individuals based on merit, experience, and skills. Employment decisions are made without regard to race, ethnicity, color, religion, national origin, sex, sexual orientation, age, disability, or veteran status. In accordance with applicable laws, ESi actively supports the employment of veterans and individuals with disabilities.

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