Treasury 2025 Summer Finance Fellowship- Pension Reserve Investment Management Board

$41,600 - $41,600/Yr

State of Massachusetts - Boston, MA

Full-time - Intern

Boston, MA

Executive, Legislative, and Other General Government Support

About the position

The Massachusetts State Treasurer's Office is offering a 10-week Finance Fellowship with the Pension Reserves Investment Management Board (PRIM). This fellowship is designed for undergraduate students interested in the financial services industry, particularly in promoting diversity, equity, inclusion, and belonging (DEI&B). The program provides an opportunity to gain valuable insights into the investment industry, develop skills, and establish a professional network while working on analytical investment-related projects.

Responsibilities

• Attend both internal and external investment programming with other interns.
• Work on projects that impact PRIM's investment strategy.
• Conduct market research, financial modeling, investment valuation, and 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 companies.
• Assist in the management of due diligence data rooms for prospective investments.
• Perform market and sector research as needed.
• Research and analyze portfolio company information, including financial statements and legal documents.
• Compile data and analyze existing portfolio companies based on 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.

Requirements

• 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.
• 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.
• Excellent organizational skills and ability to multitask to meet deadlines.
• Effective interpersonal skills to interact with various stakeholders.
• Strong analytical and MS Excel skills.
• Strong oral and written communication skills and attention to detail.
• High degree of integrity and professionalism.

Nice-to-haves

• Demonstrated interest in promoting DEI&B in the financial services industry.
• Curiosity about investment management.

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 Opportunities
• Participation in Treasury wide DEI&B programming and initiatives.