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 securing its funds against fraud. The Finance Department and Property Manager will make daily deposits into the appropriate accounts using remote scanning, online systems, and physical deposits. The scope of work covers the administration of multiple specific accounts, including a General Fund Account and a Federal Low Income Public Housing (LIPH) Account. The General Fund Account functions 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, receiving funds through physical deposits and electronic direct deposits. The agency requires positive pay fraud protection and online inquiry capabilities for all of these accounts. Eligible bidders must be onshore organizations based in the United States. The agency requires all performance of the work to be conducted offsite. The agency is looking for cost proposals to determine the budget for these services. Bidders must submit all questions regarding this opportunity no later than June 18, 2026.