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  5. ›CCRFP FOR EXECUTIVE DIRECTOR

New Jersey Municipal Excess Liability Residual Claims Fund·New Jersey

CCRFP FOR EXECUTIVE DIRECTOR

Closes 12/11/2025$600k – $1.5MRequest for ProposalLogin required
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Description

The Municipal Excess Liability Residual Claims Fund is seeking a qualified firm to provide Executive Director services. The selected firm will be responsible for the administration, coordination, and strategic oversight of the Fund. This includes managing day-to-day operations, supporting governance activities, coordinating actuarial, claims, underwriting, and financial functions, assisting with regulatory compliance, and ensuring efficient implementation of the Fund's long-range financial and claims-management strategies. The ideal candidate will have demonstrated expertise in public-sector joint insurance fund operations, long-tail claims administration, and governmental risk-financing programs. • The contract duration is 3 years • The selected firm will provide Executive Director services • The firm will be responsible for managing day-to-day operations and supporting governance activities • The firm will coordinate actuarial, claims, underwriting, and financial functions • The firm will assist with regulatory compliance and ensure efficient implementation of the Fund's long-range financial and claims-management strategies

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Matthew Laracy(Qualified Purchasing Agent)

[email protected]

(201) 953-5116

Key dates

Opened
11/18/2025
Questions due
11/25/2025
Closes
12/11/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524114
Solicitation №
25-05

Budget estimate

$600,000 – $1,500,000

The budget for this opportunity is not explicitly stated in the document. However, considering the scope of work and the fact that it's a 3-year contract for Executive Director services, the budget could be substantial. A rough estimate could be in the range of $200,000 to $500,000 per year, depending on the firm's expertise and the level of service required. This would put the total contract value at $600,000 to $1,500,000 over the 3-year period.

AI estimate from the solicitation

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