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Probabilistic Risk Assessment Engineer Jobs in Memphis, TN

SpaceXAI

Fire Protection Engineer - Memphis

Memphis, TN · On-site

$80K - $108K/yr

... and risk assessment of materials and processes, fire and smoke spread, industrial fire hazards, fire investigation support, and other fire and life safety issues. RESPONSIBILITIES: * Support ...

FedEx Group

Cyber Security Advisor

Collierville, TN · On-site

$85 - $110/hr

... risk assessment, network intrusion detection/prevention, identity and access management, IT ... Basic Java programming knowledge to develop programs/reports to collect data using API. * This ...

New

Deloitte

System Test and Validation Lead

Memphis, TN · On-site +1

Apply risk-based validation principles to assess system impact, classify validation requirements ... Bachelor's degree in business, information systems, computer science, engineering, or equivalent ...

Deloitte

System Test and Validation Lead

Memphis, TN · On-site +1

Apply risk-based validation principles to assess system impact, classify validation requirements ... Bachelor's degree in business, information systems, computer science, engineering, or equivalent ...

Deloitte

System Test and Validation Lead

Memphis, TN · On-site +1

Apply risk-based validation principles to assess system impact, classify validation requirements ... Bachelor's degree in business, information systems, computer science, engineering, or equivalent ...

SpaceXAI

Fire Protection Engineer - Memphis

Memphis, TN · On-site

$80K - $108K/yr

... and risk assessment of materials and processes, fire and smoke spread, industrial fire hazards, fire investigation support, and other fire and life safety issues. RESPONSIBILITIES: * Support ...

SpaceXAI

Fire Protection Engineer - Memphis

Memphis, TN · On-site

$80K - $108K/yr

... and risk assessment of materials and processes, fire and smoke spread, industrial fire hazards, fire investigation support, and other fire and life safety issues. RESPONSIBILITIES: * Support ...

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Probabilistic Risk Assessment Engineer information

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$36.9K

$112.6K

$186K

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

As of Sep 6, 2026, the average yearly pay for probabilistic risk assessment engineer in Memphis, TN is $112,558.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,600.00 and $147,200.00 per year, depending on experience, location, and employer.

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 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 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 are popular job titles related to Probabilistic Risk Assessment Engineer jobs in Memphis, TN?

For Probabilistic Risk Assessment Engineer jobs in Memphis, TN, the most frequently searched job titles are:

What job categories do people searching Probabilistic Risk Assessment Engineer jobs in Memphis, TN look for?

The top searched job categories for Probabilistic Risk Assessment Engineer jobs in Memphis, TN are:

Probabilistic Risk Assessment Engineer jobs near you

Senior Consultant, Risk Control - Equipment Breakdown

Liberty Mutual

Memphis, TN • Remote

$75K - $122K/yr

Full-time

Re-posted 22 days ago

Liberty Mutual rating

8.7

Company rating: 8.7 out of 10

Based on 162 frontline employees who took The Breakroom Quiz

72nd of 315 rated insurance

Job description


Description

Under limited supervision, we provide loss prevention consulting services within the Property and Marine Loss Prevention department, specializing in equipment breakdown risk. Completes Boiler and Pressure Vessel inspection, conducts extensive research, data collection, evaluation, and analysis to make recommendations that help control customers’ sources of risk, loss, and costs. Serves as a technical expert in mechanical systems and equipment breakdown exposures. 

  • Remote Role with 75% Travel  

Essential Duties & Responsibilities: 

  • Conducts on-site inspections of boilers, pressure vessels, and mechanical systems to identify hazards and assess risk. 

  • Compiles facts from site visits, reports, and databases to evaluate existing processes, determine severity/frequency of issues, and identify improvement needs. 

  • Assesses and benchmarks on customer performance against internal and industry standards, including NBIC requirements. 

  • Interprets and analyzes data to determine best course of action and solutions that satisfy customer risk service needs. 

  • Utilizes advanced software applications and Microsoft systems to develop innovative, cost-effective solutions. 

  • Investigate cause-and-effect relationships and prepare technical reports summarizing findings and recommendations. 

  • Organizes data into clear, actionable formats and presents reports outlining improvement plans and cultural/behavioral changes. 

  • Maintains effective partnerships with customers, learning their business to identify risk management objectives and needs. 

  • Provides technical support and training to assist with implementation of recommendations and action plans. 

  • Actively pursues professional development to better meet customer expectations. 

  • May participate in acquiring new business by following up on leads and presenting proposals. 

Qualifications

  • Preferred Education: Bachelor’s degree in engineering or related field preferred. 

  • Experience: Strong background in mechanical systems or loss control engineering. 

  • Certifications: NBIC Commission required for posted position, but trainee opportunities available; other relevant certifications a plus. 

Technical Skills:  

  • Proficiency in Microsoft Office Suite and general computer systems. 

  • Ability to interpret technical drawings and specifications. 

Soft Skills:  

  • Strong analytical and problem-solving abilities. 

  • Excellent communication and report-writing skills. 

  • Ability to work independently and manage multiple priorities. 

Preferred Attributes: 

  • Familiarity with property and marine insurance risk assessment. 

  • Knowledge of industry codes, standards, and best practices related to equipment breakdown. 

  • Experience in client-facing roles with strong relationship-building skills. 

About Us

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices

  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco

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About Liberty Mutual

Sourced by ZipRecruiter

Since 1912, we've grown into the fifth largest global property and casualty insurer based on 2022 gross written premium. We also rank 86 on the Fortune 100 list of largest corporations in the US based on 2022 revenue. ​At Liberty Mutual Insurance we work hard every day to support our customers and our people, so they can protect their families, build their businesses and invest in their futures. We are headquartered in Boston, but our people, our customers and our reach span the globe. So to better serve our global customers and employees, we are organized into three business units.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

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