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*About the Office of the Massachusetts State Treasurer and Receiver General (“Treasury”)* Our mission is to manage and safeguard the State's public deposits and investments through sound business practices for the exclusive benefits of our citizens, and perform these duties with integrity, excellence, and leadership. Additionally, we strive to provide economic opportunity, stability, and security for every Massachusetts resident. We are committed to excellence in recruiting, hiring, and retaining diverse and qualified individuals. We value a culture of diversity and professionalism in the workplace and strongly believe that our workforce should reflect our community. https://www.surveymonkey.com/r/FM68GFV *Program Duration:*June 1, 2026 - August 7, 2026 *Office Location:*53 State Street, Suite 600, Boston 02109 *Please Note:* This fellowship is open to applicants who are undergraduate students attending an institution of higher education located in Massachusetts or undergraduate students who reside in Massachusetts but attend an institution of higher education located in the United States but not in Massachusetts. 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. This 10-week fellowship will begin on Monday, June 1, 2026, and conclude on Friday, August 7, 2026 and will be in a hybrid in office format. PRIM is 5 days/week in office. *About PRIM:*The Pension Reserves Investment Management (“PRIM”) Board is charged with the general supervision of the Pension Reserves Investment Trust (“PRIT”) Fund, created by legislation to accumulate assets through investment earnings and other revenue sources to assist the Commonwealth in reducing its unfunded pension liability and likewise to assist local participating retirement systems in meeting their pension obligations. *Position Summary:*The Pension Reserves Investment Management Board is seeking a Finance Fellow to support the investment/operations team. As a PRIM Fellow, you will learn about both the investment industry as well as the public pension investment space. This is an opportunity to gain valuable industry insight, develop new skills, and establish a network of mentors and business contacts. This fellowship will provide exposure to investment industry leadership and research and offer training with industry technology. As a PRIM Finance Fellow, you will have the opportunity to work with an innovative investment management team on challenging, analytical, investment-related projects. PRIM is seeking a self-motivated individual who will thrive working in a fast-paced environment. *Potential Fellowship focus areas:* * Public Markets and Fixed Income * Private Equity * Real Estate * Investment Operations *Responsibilities and Duties (May Vary):* * 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. *Education and Background:* * 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 *Knowledge and Skills:* * 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. *Program Benefits:* * Professional Development Workshops * Public & Private Sector Networking Opportunities * One on One Mentoring * Valuable Work Experience * Edge in the Job Search Market * Development and Refinement of Finance - Related Skills * Leadership Development Fellows will be offered the opportunity to gain further exposure to leadership programming as well as the opportunity to attend Office of Economic Empowerment virtual events, including informational seminars, resume workshops, financial education discussions, and the Path to Possibilities career information sessions hosted by the Treasury Human Resources division, in order to gain an organizational-wide understanding of the overall mission of the Office of the State Treasurer and Receiver General. Fellows will also be encouraged to participate in Treasury wide DEI&B programming and initiatives. *Program Details:*Fellows will receive a rate of $20-$24 an hour and are required to commit to 37.5 hours per week. *Learn more about PRIM here:*Pension Reserve Investment Management Board *Compensation:* * Undergraduate Interns: $22/hour * Graduate Interns: $24/hour **Physical Requirements:** * Ability to lift up to 10lbs * Ability to sit for extended periods of time **An Equal Opportunity Employer:** The Office of the State Treasurer and Receiver General is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. *Employment Eligibility Regarding Family Members:* Please note that the Office of the State Treasurer and Receiver General will not consider family members of current employees as eligible for employment. Family members shall include an employee’s spouse, brother, sister, children, stepchildren, parents, stepparents, sister/brother-in-law, daughter/son-in-law or an individual residing in an employee’s household. **Job:** **Administrative Services* **Organization:** **Off of State Treas & Rec Genrl* **Title:** *Treasury 2026 Summer Finance Fellowship | Pension Reserve Investment Management Board* **Location:** *Massachusetts-Boston-1 Ashburton Place* **Requisition ID:** *260000EM*