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Stochastic Modeling Jobs (NOW HIRING)

Tecolote Research

Senior Cost Analyst

Arlington, VA · On-site

$96K - $121K/yr

Stochastic modeling and have an understanding of how to apply sophisticated statistical and analytical techniques and convey the meaning of the results to DOD decision makers * A secret-level ...

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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 Jun 25, 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 to thrive in the Stochastic Modeling position, and why are they important?

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 are some typical daily responsibilities for a professional in stochastic modeling?

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 a Stochastic Modeling job?

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 June 2026, with employment types broken down into 1% Internship, 1% As Needed, 2% Full Time, 92% Part Time, and 4% Temporary. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $104,419 per year, or $50.2 per hour.
Senior Associate, BESS Modeling & Structuring

Senior Associate, BESS Modeling & Structuring

Clearway Energy

Houston, TX • Hybrid

$137K - $177K/yr

Other

Posted 15 days ago

Job description

What The Role Is

Clearway Energy seeks an Associate or Senior Associate of BESS Modeling and Structuring to develop top-notch quantitative models that drive BESS valuation, structured products pricing, gas generation optimization, and power market analysis. In this role, you will be building Clearway's internal quantitative modeling platform (CWENQuant), developing advanced BESS dispatch optimization models, and directly impacting major commercial decisions across trading/origination/development/asset management.

If you don't meet 100% of the qualifications but see yourself contributing, please submit your resume

What You'll Be Doing
  • Develop and deploy to production complex optimization models and quantitative analysis for BESS dispatch optimization, renewables, gas generation, and data center infrastructure projects across the US.
  • Develop Stochastic or Machine Learning/Deep Learning models to forecast DA, Ancillary and RT prices based on the fundamental variables such as load, gas prices, wind + solar generation to inform trading.
  • Develop and maintain gas dispatch, HRCO, toll, and other structured pricing models, perform mark-to-market analysis, support due diligence, underwriting, and credit analytics.
  • Benchmark models against actual operations and market outcomes to improve forecast accuracy and optimization.
  • Provide analytical insights from modeling results to support Clearway budget process, trading activities and/or market advocacy
  • Build and enhance CWENs quantitative modeling platform (CWENQuant); develop data pipelines with internal and external resources, create automated workflows to produce analysis, build market data dashboards with the use of data science and optimization.
  • Analyze trading forwards in comparison with actual/historical power prices and fundamental forecasts to inform a view on trading strategies, risk practices, origination deals, contract pricing
  • Provide analytical insights from modeling results to support risk management, trading activities and/or market advocacy
  • Stay abreast of changing market conditions at both macro and micro levels, and their impact on markets
What You'll Bring
  • Bachelor's degree in Computer Science, Engineering, or related field
  • Senior Associate: 3+ years of quantitative or modeling experience ideally, within the energy sector, including trading firms, banks, utilities, IPPs, ISOs, or BESS companies.
  • Associate: <3 years years of quantitative or modeling experience ideally, within the energy sector, including trading firms, banks, utilities, IPPs, ISOs, or BESS companies.
  • Programming skills required: Python is a must, R, SQL, etc.
  • Working experience developing ML/DL models using scikit-learn, Keras, or TensorFlow
  • Experience with linear/Mixed Integer programming and associated tools like PuLP, Gurobi, CPlex etc
  • Working experience with stochastic models and the ability to develop models from scratch
  • Strong quantitative background with hand-on experience in coding in Python.
  • Knowledge of BESS (strongly preferred), renewable, conventional (gas) asset, HRCO, toll modeling
  • Strong understanding of power market economics, wholesale market structure, asset operations in ISO (CAISO, ERCOT, etc) markets
  • Proven ability to build high-quality, robust, and scalable quantitative, optimization models and stochastic or ML/DL forecasting frameworks such as price, load, or renewable generation forecasting
  • Ability to formulate and articulate viewpoints (written and verbal) in a clear, persuasive, and succinct manner
  • Ability to handle multiple concurrent efforts and provide high-quality deliverables accurately and on time
  • Ability to collaborate effectively across teams, communicate clearly, and contribute to a high-performing, respectful work environment that emphasizes attention to detail, meeting deadlines and working together to achieve company-wide objectives
  • Strong interpersonal, analytical, and problem-solving skills
  • Demonstrated ability to produce accurate, high-quality work in a fast-paced, deadline-driven environment
  • Strong ownership mindset with a commitment to delivering results and continuous improvement
  • Demonstrated curiosity and willingness to continuously learn and adapt in a rapidly evolving energy and market environment
What Would Be Nice
  • Masters or PhD.

Clearway will not sponsor non-immigrant visas for this position (H-1B, TN, E-3, etc.).

Pay Range Across all US Locations:

Associate: $115,000 - $150,000 USD

Sr. Associate: $137,000 - $177,000 USD

#LI-Hybrid

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