Washington State Investment Board

Buyer seeks to contract with a firm to provide portfolio verification and related investment accounting services. The primary purpose is to validate investment accounting data of their custodian bank, State Street Bank and Trust Company. Buyer manages approximately $200 billion in various asset classes with internally and externally managed strategies. The contract will have an initial 5-year term with three 5-year extension options.

• 4/8/2025 - Pre-Proposal Conference
• 4/15/2025 - Letters of Intent and Questions Due
• 4/30/2025 - Answers to Written Questions Posted
• 5/15/2025 - Proposal Due Date
• 1/1/2026 - Contract Start Date

• Must provide services detailed in Statement of Work
• Must support all security types identified in Exhibit I
• Must have tax-exempt institutional fund clients
• Cannot be the Custodian
• Staff must have minimum three years portfolio accounting experience
• No material conflicts of interest with WSIB

• Perform monthly portfolio verifications for internally managed funds
• Provide daily cash reconciliations for internally managed funds
• Calculate daily NAVs for internally managed daily valued funds
• Verify positions, transactions, and valuations align with Custodian records
• Provide independent daily pricing for internally managed funds
• Reconcile all transactions including trades, corporate actions, income and expenses
• Maintain independent accounting records mirroring WSIB portfolios
• Generate automated reconciliation reports identifying discrepancies
• Project daily cash flows including income and principal payments
• Provide secure data transfer with custodian bank and investment managers