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Stochastic Modeling Jobs (NOW HIRING)

BAE Systems

Ops Research Anst Sr Prin II

Kingsport, TN · On-site

$122K - $208K/yr

Create stochastic modeling and measuring techniques, utilizing mathematics, statistical methods, engineering methods, operational mathematics techniques, and other principles and laws of scientific ...

Ryan Specialty

Quantitative Risk Modeling Lead

Lead the development and maintenance of stochastic risk models covering credit, real estate, and equity type assets that can be applied to individual transactions as well as overall portfolio. * Lead ...

Tmhcc

Lead Actuarial Risk Modeler, Cyber

Duluth, GA

Deep knowledge of statistics, simulation, & stochastic modeling techniques * Proficient programming skills in Python, R, or similar preferred * Well versed with man-made accumulation risks state of ...

Staffingine LLC

AI ML Engineer

Phoenix, AZ · On-site

$113K - $136K/yr

Knowledge of Monte Carlo simulations and stochastic modeling * Experience with Git and CICD pipelines * Exposure to regulatory frameworks Solvency II IFRS 17 Soft Skills: * Strong problem solving and ...

UNC-Chapel Hill

Department Manager

Chapel Hill, NC · On-site

$17.50 - $19.50/hr

D. program provides advanced training in statistics, optimization, probability, and stochastic modeling and typically requires four to five years of full-time graduate work; the M.S. program requires ...

MDAEdge

Python Developer - Oil & Gas Sector

Houston, TX · On-site

$48 - $66/hr

... stochastic modeling, and probability analysis. • Show proficiency in data visualization tools like Matplotlib, Plotly, or Seaborn. • Build and interpret simulation models to generate clear ...

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Stochastic Modeling information

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$25.5K

$104.4K

$201.5K

How much do stochastic modeling jobs pay per year?

As of Aug 5, 2026, the average yearly pay for stochastic modeling in the United States is $104,419.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,500.00 and $128,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed for stochastic modeling?

To thrive in stochastic modeling, you need strong mathematical and statistical skills, often backed by a degree in mathematics, statistics, data science, or a related field. Expertise with technical tools such as R, Python, MATLAB, and statistical modeling software, as well as familiarity with industry-standard certifications like FRM or CFA in finance, is highly valued. Analytical thinking, attention to detail, and the ability to communicate complex ideas to non-technical stakeholders are critical soft skills. These competencies allow you to create accurate models for forecasting and risk assessment, helping organizations make informed decisions in uncertain environments.

What does someone in stochastic modeling do?

As a stochastic modeling professional, your daily tasks might include developing and validating probabilistic models, analyzing large datasets, and performing simulations to forecast outcomes or assess risks. You’ll often collaborate with cross-functional teams such as data scientists, financial analysts, or engineers to translate real-world problems into mathematical frameworks. Regular responsibilities also involve presenting findings to stakeholders, refining models based on new data, and staying updated on the latest modeling techniques in your industry. This role provides a balance of independent analytical work and teamwork, offering diverse challenges and skill development opportunities.

What is stochastic modeling?

A Stochastic Modeling job involves developing mathematical models that incorporate randomness to analyze uncertain systems and predict outcomes. Professionals in this field apply probability theory, statistics, and computational techniques to fields such as finance, insurance, engineering, and data science. They build and validate models to assess risks, optimize decision-making, and improve forecasting accuracy. Strong analytical skills and proficiency in programming languages like Python, R, or MATLAB are often required.

More about Stochastic Modeling jobs
What are the most commonly searched types of Stochastic Modeling jobs? The most popular types of Stochastic Modeling jobs are:
What job categories do people searching Stochastic Modeling jobs look for? The top searched job categories for Stochastic Modeling jobs are:
Stochastic Modeling jobs near you
Infographic showing various Stochastic Modeling job openings in the United States as of July 2026, with employment types broken down into 85% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 85% Physical, 4% Hybrid, and 11% Remote job distribution, with an average salary of $104,419 per year, or $50.2 per hour.

Ops Research Anst Sr Prin II

BAE Systems

Kingsport, TN • On-site

$122K - $208K/yr

Full-time

Re-posted 13 days ago

BAE Systems rating

8.4

Company rating: 8.4 out of 10

Based on 150 frontline employees who took The Breakroom Quiz

10th of 49 rated military and defense

Job description


BAE Systems is a leading global defense, security, and aerospace company. Our Ordnance Systems is hiring an experienced Construction Cost Engineer to join our team. As a Senior Cost Engineer, you will play an integral role in ensuring the successful modernization our nation's Munitions Industrial Base.
Responsibilities:
  • Create stochastic modeling and measuring techniques, utilizing mathematics, statistical methods, engineering methods, operational mathematics techniques, and other principles and laws of scientific and economic disciplines to support risk informed rational decision-making for the business unit
  • Evaluate supplier proposals for cost and schedule realism using quantitative, stochastic modeling to support risk-informed decision making at the Program Level
  • Develop detailed initial cost estimates based on conceptual designs and blueprints
  • Perform estimating by quantifying materials, labor, and equipment requirements
  • Perform Stochastic analysis of subcontractor bids for realism
  • Conduct close-out cost analysis after project completion to improve future estimating accuracy
  • Coordinate with project managers to align financial constraints with technical requirements

Required Skills and Education
  • Bachelor's Degree in Engineering, Construction Management, Architecture, or similar and 10 years work experience or equivalent experience
  • Experience in Cost Engineering, Estimation, Controls
  • Expert knowledge of Construction Costs and related principles
  • Demonstrated ability to create stochastic cost models
  • Demonstrated ability to read and understand specifications and drawings
  • Strong data analytics and modeling skills

About BAE Systems Platforms & Services Posting
BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, an international defense, aerospace and security company which delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. Improving the future and protecting lives is an ambitious mission, but it's what we do at BAE Systems. Working here means using your passion and ingenuity where it counts - defending national security with breakthrough technology, superior products, and intelligence solutions. As you develop the latest technology and defend national security, you will continually hone your skills on a team-making a big impact on a global scale. At BAE Systems, you'll find a rewarding career that truly makes a difference.
The Platforms & Services (P&S) sector under BAE Systems, Inc does the big stuff: the armored combat vehicles, naval guns, missile launchers, and ship repair...just to name a few. Our employees take pride in the work they do and why they do it. They are on the front lines every day, building our products to protect the lives of those who serve. We may be biased, but we think P&S does some of the coolest work around, and we think you will too.
Preferred Skills and Education
  • Masters Degree in Business, Math, or Operations Research
  • AACEI Certified Cost Professional or similar certification
  • Experience in Capital Programs or Owner's Representative organization desirable
  • Experience in Federal Projects desirable

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