Banking, Investments and OPEB Trust Admin Services

The Housing Authority of a government entity in Connecticut is seeking a vendor to provide comprehensive banking, investments, and Other Post-Employment Benefits (OPEB) trust administration services. The agency needs to manage its daily financial operations efficiently while ensuring robust fraud protection. The finance department and property manager will make daily deposits to the appropriate accounts using remote scanning, online systems, and physical deposits. The scope of work covers the management of multiple specific accounts, including a General Fund Account and a Federal Low Income Public Housing (LIPH) Account. The General Fund Account serves as a revolving account to fund payroll and a portion of accounts payable expenses. The Federal LIPH Account serves as the primary tenant rent collection account for the Public Housing program, accepting receipts through physical deposits and electronic direct deposits. The agency requires positive pay fraud protection and online transaction inquiry capabilities for these accounts. Eligible bidders must be onshore organizations based in the United States. The agency requires the performance of all contracted work to be completed offsite. Bidders must submit any questions regarding this opportunity no later than June 18, 2026. The agency has not disclosed a specific budget and is looking for proposals to determine the cost of these services.