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Treasury 2025 Summer Finance Fellowship-Massachusetts State Lottery Commission

AT The Commonwealth of Massachusetts
The Commonwealth of Massachusetts

Treasury 2025 Summer Finance Fellowship-Massachusetts State Lottery Commission

Boston, MA

Job Description

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 Massachusetts State Lottery Commission are especially encouraged to apply.

This 10-week fellowship will begin on Monday, June 2, 2025, and conclude on Friday, August 8, 2025 and will be in a hybrid in office format.

About MSLC:
Since selling its first ticket in 1972, the Mass Lottery has generated over $149 billion in revenues, awarded over $105 billion in prizes, returned over $32 billion in net profit to the Commonwealth for unrestricted local aid provided to cities and towns, and paid over $8.5 billion in commissions and bonuses to its statewide network of retailers.

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Over the last 50+ years, Massachusetts has grown to become one of the most successful lotteries in the nation and adapted to the ever-changing marketplace to provide innovative and exciting games to its players.

Position Summary: The Massachusetts State Lottery Commission is seeking a full time Finance Fellow to join its Finance Department. This position will provide the successful candidate with an excellent opportunity to gain valuable, real-world skills relevant to the operations of a state-run organization with exposure to Accounting, Finance, and professional development opportunities.

Primary Responsibilities:
• Provide support to business unit finance, credit & collections and operations teams. This includes accurate accounting of weekly agent invoicing and corresponding through mail and electronically with agent requests. In addition, this role oversees collection efforts of any outstanding receivables owed to the lottery ensuring all efforts are undertaken to collect funds owed
• Coordinate with licensing and accounting units for the establishment, termination, and changes in agent license status.
• Provide support to the claims department team when necessary. This includes the opening and logging of daily mail, paying mail-in claims and organizing department files.• Ensure all relevant inquiries are managed professionally and procedures are followed to help promote reliability. This includes collaboratively compiling and maintaining detailed tracking for shared use by department members.

Qualifications

Education and Background:
• Candidates must be currently pursuing an undergraduate/graduate degree in Business Administration or Finance.
• Strong interest in financial analysis related projects.

Knowledge and Skills:
• Must be proficient with MS Office (Excel, Word, PowerPoint).
• Strong organizational skills and an ability to multitask are required to meet deadline driven projects in a fast-paced environment.
• Interpersonal skills are required as the incumbent will interact with various company 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
☑Edge in the Job 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 an hour and are required to commit to 37.5 hours per week.

Learn more about MSLC here: Massachusetts State Lottery Commission - https://www.masslottery.com/

Client-provided location(s): Boston, MA, USA
Job ID: Commonwealth_of_Massachusetts-240009ZU
Employment Type: Full Time

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