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Commonwealth of Massachusetts · 18 hours ago

Treasury 2026 Summer Finance Fellowship | Pension Reserve Investment Management Board

United States-Massachusetts-Boston-1 Ashburton Place

Full-time

Hybrid

New Grad

$20/hr - $24/hr

The Commonwealth of Massachusetts is seeking a Finance Fellow for the Pension Reserve Investment Management Board. This 10-week fellowship offers undergraduate students the opportunity to gain valuable industry insight and experience while working on investment-related projects in a fast-paced environment.

Government Administration

Responsibilities

Attend both internal and external, general investment programming with other interns

Work on projects that impact PRIM’s investment strategy

Conduct market research, financial modeling, investment valuation and other due diligence work related to prospective investments

Analyze operational forecasts and budgets for active and potential investments

Build company specific financial and valuation models

Attend PRIM Board and Committee meetings and hear presentations from PRIM leadership

Attend internal investment strategy sessions and external asset manager meetings

Gain experience using industry tools like FactSet, Bloomberg, and eVestment

Participate in due diligence calls and meetings with existing and prospective investment managers

Prepare financial models for prospective portfolio company

Assist in the management of due diligence data rooms for prospective investments and ensure the collection, organization, and completeness of requested information

Perform market and sector research as needed

Research and analyze portfolio company information, including financial statements, tax returns, collateral, agreements, contracts, legal documents, and other key items that affect credit risk

Compile data and analyze existing portfolio companies based on past, current, and projected performance

Assist in the preparation of investment due diligence reports and recommendations

Input and reconcile quarterly manager statement data

Review and track investment performance

Assist in preparation and review of pricing validation

Perform other related duties and assignments, as delegated

Qualification

Financial modelingMarket researchAnalytical skillsMS ExcelInvestment valuationTeamworkCommunication skillsOrganizational skillsInterpersonal skillsSelf-starter

Required

Candidates must be currently pursuing an undergraduate/graduate degree in Business Administration or Finance

Academic experience and/or interest in fundamental and statistical research

Interest in gaining industry experience and exposure to a wide range of investment areas and with top investment managers in the industry

Interest in researching asset allocation strategies and global economics

Ability to prepare and present research findings to colleagues at PRIM

Ability to work independently and as part of a team

Ability to interact effectively with various stakeholders

Excellent organizational skills and an ability to multitask are required to meet deadline-driven projects

Effective interpersonal skills are required to interact with various company employees, at all levels, as well as external partners

Self-starter with curiosity about investment management

Strong analytical and MS Excel skills

Strong oral and written communication skills and attention to detail

The Fellow is subject to confidential financial information. PRIM requires Fellows to have a high degree of integrity and professionalism

Willingness to take ownership and to manage internal and external deadlines

Preferred

Applicants with a demonstrated interest in promoting DEI&B in the financial services industry and students who can bring a unique and authentic perspective to the Pension Reserve Investment Management Board (PRIM) are especially encouraged to apply