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Parametric Jobs (NOW HIRING)

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Parametric information

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$17

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How much do parametric jobs pay per hour?

As of Jun 1, 2026, the average hourly pay for parametric in the United States is $31.27, according to ZipRecruiter salary data. Most workers in this role earn between $23.08 and $35.10 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Parametric Insurance Specialist, and why are they important?

To excel as a Parametric Insurance Specialist, you need a solid understanding of insurance principles, data analytics, and risk modeling, typically supported by a degree in finance, mathematics, or actuarial science. Familiarity with industry-standard platforms like RMS, catastrophe modeling tools, and relevant certifications such as CPCU or ARe are advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you interpret data and collaborate with clients and underwriters. These competencies ensure accurate product design, risk assessment, and clear client communication in this data-driven insurance sector.

What are some common challenges faced by professionals working in parametric modeling roles, and how can they be addressed?

Professionals in parametric modeling roles often encounter challenges such as managing complex data sets, ensuring model accuracy, and adapting to evolving project requirements. Effective collaboration with engineers, architects, or designers is essential to align models with real-world constraints and objectives. Staying current with software updates and industry best practices can also help address technical hurdles. Proactive communication and continuous learning are key strategies for overcoming these challenges and delivering high-quality parametric solutions.

What are parametric jobs?

Parametric jobs typically refer to roles that involve working with parametric models, which use parameters to define and manipulate complex data or systems. In fields like engineering, architecture, and finance, parametric jobs often involve using software to create dynamic models that can be easily adjusted by changing key parameters. These professionals may analyze data, optimize designs, or develop simulations to improve efficiency and outcomes. Parametric roles require strong analytical skills and familiarity with specialized tools or programming languages.

What is a Parametric job?

A parametric job typically involves designing, analyzing, or managing systems that depend on parameters, often in fields like engineering, architecture, or data analysis. It requires skills in parametric modeling tools such as CAD software or programming languages like Python or MATLAB. These roles often demand strong analytical abilities and familiarity with parametric design principles.

What is the difference between Parametric vs Mechanical Drafter?

AspectParametricMechanical Drafter
Required CredentialsTechnical certifications, CAD trainingTechnical certifications, CAD training
Work EnvironmentDesign firms, manufacturing companiesEngineering firms, manufacturing companies
Industry UsageProduct design, engineering projectsMechanical design, drafting
Common Search/ComparisonYesYes

Parametric drafters focus on creating models using parametric design principles, emphasizing flexibility and automation. Mechanical drafters primarily produce detailed technical drawings for manufacturing. While both roles require CAD skills and similar credentials, parametric drafters often work more with 3D modeling software, whereas mechanical drafters focus on detailed 2D drawings. Understanding these differences helps job seekers identify the right career path in engineering and design fields.

More about Parametric jobs
What cities are hiring for Parametric jobs? Cities with the most Parametric job openings:
What states have the most Parametric jobs? States with the most job openings for Parametric jobs include:
Infographic showing various Parametric job openings in the United States as of May 2026, with employment types broken down into 64% Full Time, 34% Part Time, and 2% Contract. Highlights an 62% Physical, 3% Hybrid, and 35% Remote job distribution, with an average salary of $65,035 per year, or $31.3 per hour.
Senior Software Engineer - Parametric (Java / AWS)

Senior Software Engineer - Parametric (Java / AWS)

Morgan Stanley

Minneapolis, MN • On-site

$130.50K - $171.70K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago


Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

38th of 138 rated financial services


Job description

ABOUT MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
ABOUT PARAMETRIC
Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. We partner with advisors, institutions, and consultants to build portfolios focused on what's important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs. We also offer systematic alpha and alternative strategies to complement clients' core holdings.
This role is part of Parametric' s hybrid working model, which includes working in the office 3 days a week and choosing to work remotely or in the office the remaining days of the week.
ABOUT PARAMETRIC TECHNOLOGY
We design and build financial software for Parametric' s proprietary investment systems technologies for the entire account lifecycle across Equities, Fixed Income and Derivatives. We are technology-driven and building for scale and resilience, enabling our business to support clients with improved efficiency and reduced operational risk.
ABOUT THE TEAM
Parametric' s Investment Systems Team designs and builds the proprietary technology platforms that support our strategies.
We are hiring Senior Software Engineers to join two core teams in our Minneapolis (Edina) offce:
  • Derivatives Team: Develops and supports technology solutions for derivatives-based strategies across multiple asset classes for institutional and retail clients.
  • Operations Technology Team: Builds proprietary software for middle and back-office operations, including reconciliation, accounting, and settlements systems, focusing on scalable, resilient solutions that reduce operational risk.

ABOUT THE ROLE
The Senior Software Engineer will be responsible for design, development, and integration of various technology solutions, including the development of our proprietary investment systems. Parametric provides a mature working environment for software professionals who excel when working collaboratively with other talented individuals. We pride ourselves on our modern development practices and constantly strive to improve them. Custom software solutions are a key element of our success and, as such, we consider software engineering a tier-one competency.
What You'll Do
  • Design and implement robust, scalable, and maintainable software solutions across the full technology stack.
  • Build and integrate application components, including APIs, data persistence layers, and event-driven systems.
  • Collaborate with business stakeholders to understand requirements and deliver flexible, business-oriented solutions.
  • Develop reusable code libraries, shared architectural patterns, and automation frameworks to accelerate development across teams.
  • Contribute to the modernization of legacy systems, including migrations to new persistence engines, cloud platforms, and architectures.
  • Write unit, integration, and functional tests to ensure software quality.
  • Support CI/CD practices and infrastructure-as-code (IaC) using tools like GitLab, Terraform, and Docker.
  • Participate in design reviews, pair programming, and mentorship of junior team members.
  • Stay current with relevant technologies and contribute to team discussions on architectural decisions and tooling.

What You Bring
  • 5+ years of hands-on professional software development experience using Java.
  • Strong understanding of language features (interfaces, generics, annotations, reflection, closures, etc.).
  • Practical knowledge of major open-source projects (Spring, Spring Boot, Hibernate).
  • Familiarity with containers (Docker)
  • Experience with message-driven and event-driven architectures using ActiveMQ and Kafka.
  • Proven experience with AWS services such as EC2, ECS, S3, Fargate, Aurora, and Lambda.
  • Experience building highly interactive web UIs (HTML, CSS, JavaScript, REST, JSON; ExtJS a plus).
  • Test-driven development experience (JUnit, test mocking).
  • Strong knowledge of RDBMS and SQL.
  • Familiarity with version control (Git), CI/CD tools (Gradle, GitLab), and agile methodologies.
  • Deep understanding of SOA, AOP, and design patterns (MVC, DAO, Observer).
  • Experience with major application servers (Tomcat).
  • Effective communication skills with both technical and business stakeholders.
  • Financial services industry experience is a plus.

Parametric believes each member of our organization makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties and qualifications. It is our expectation that every member of our team will offer his/her/their services wherever and whenever necessary to ensure the success of our client services.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Job Posting Pay Range
Salary range for the position: $78,000 - 185,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

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