Treasury 2026 Summer Finance Fellowship | Massachusetts State Retirement Board
Job Description
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
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 Massachusetts State Retirement Board are especially encouraged to apply.
This 10-week fellowship will go from June to August and will be in a hybrid in office format.
About Massachusetts State Retirement Board: The Massachusetts State Retirement Board (MSRB) is multi-generational and diverse department within the Office of the State Treasurer which administers a defined benefit retirement plan for eligible employees of the Commonwealth and certain independent entities. Established in 1911 the MSRB supports more than 85,000 active members and more than 68,000 retirees & beneficiaries. The MSRB annually issues more than $2.75b in benefits.
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Position Summary: The MSRB is seeking a full-time Finance Fellow to work with our Finance Unit. Exposure to this team will provide the successful candidate with an excellent opportunity to gain valuable business skills relevant to the operations of a state-run agency with exposure to accounting, budgeting and financial transactions, as well as professional development opportunities.
Primary Responsibilities:
With our Finance Team:
- Support the Finance team through various bookkeeping activities, transactional support, and other cash management duties
- Participate in efforts between internal units and external business partners for accounting related inquiries.
- Assist the Finance team with preparations for the annual reporting cycle by generating reports, reconciling accounts and researching any discrepancies.
Qualifications
Education and Background:
- Candidates must be currently pursuing an undergraduate/graduate degree in Business Administration or Finance
Knowledge and Skills:
- Must be proficient with MS Office (Excel, Word, PowerPoint).
- Knowledge of Generally Accepted Accounting Principles
- Strong organizational skills and an ability to multitask are required as the incumbent will be forced to prioritize workflow to meet deadline driven projects in a fast-paced environment.
- Interpersonal skills are required as the incumbent will interact with various Board personnel, at all levels, as well as external partners.
- Ability to work independently and as part of a team.
- Strong attention to detail.
- As the incumbent is exposed to confidential financial results, the applicant should have a high degree of integrity and professionalism.
Program Benefits:
- Professional Development Workshops
- Public & Private Sector Networking Opportunities
- One on One Mentoring
- Valuable Work Experience
- Give Yourself an Edge in the Job Market
- Develop and Refine 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 $22-$24 an hour and are required to commit to 37.5 hours per week.
Learn more about MSRB here: Massachusetts State Retirement 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.
Perks and Benefits
Health and Wellness
- Health Insurance
- Health Reimbursement Account
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- HSA
- Mental Health Benefits
Parental Benefits
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
- Flexible Work Hours
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Volunteer Time Off
Financial and Retirement
- Pension
- Financial Counseling
Professional Development
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Internship Program
- Leadership Training Program
- Associate or Rotational Training Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program