Actuarial Review Service

Overview

Financial, Legal, HR & Staffing

Olympia, Washington, United StatesPosted about 2 months agoDeadline: May 4th, 2026

Fit Score

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SUMMARY

RFP for actuarial review services including audits and investigations related to worker's compensation and agency financials for a government authority in Olympia, Washington.

KEY REQUIREMENTS

Must be a qualified actuary
Must meet Actuarial Standards for Independence
Must be registered in Washington's Electronic Business Solution (WEBS)
Must be registered with the Washington Secretary of State
Must be registered with the Washington State Department of Revenue
Must have required insurance coverages
Must comply with Actuary's Code of Professional Conduct and Actuarial Standards of Practice
Must not have been determined to have willfully violated Washington state wage laws in the last three years
Must not have had a government contract terminated for cause or default in the last three years

BUDGET

Verified

$366,598

CONTRACT DURATION

12 months

TIMELINE

Competitive Solicitation Posting Date: March 18th, 2026

Pre-Bid Conference: April 1st, 2026

Deadline for Submitting Questions: April 22nd, 2026

Anticipated Deadline for Answers: April 24th, 2026

Deadline for Submitting Bids: May 4th, 2026

Anticipated Date of Announcement for Apparent Successful Bidder: May 28th, 2026

Anticipated Announcement of Contract Award: June 11th, 2026

QUESTION DEADLINE

April 22nd, 2026

Issuing Agency

Office Of The Washington State Auditor

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority in Olympia, Washington is seeking a vendor to provide comprehensive actuarial review services. The engagement will include an actuarial review of worker’s compensation funds to assess financial status and program sustainability.

Additional responsibilities will cover conducting audits such as single audits, annual comprehensive financial reports, actuarial audits, workers compensation program financial statement audits, accountability audits, attestation audits, and performance audits. The selected vendor may also be called upon to undertake whistleblower and loss/fraud investigations as needed.

Potential vendors are required to submit any questions by April 22, 2026. A pre-bid meeting is scheduled for April 1, 2026.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.