Description
The State of Arkansas is seeking a contractor to provide consulting and actuarial services for the Employee Benefits Division. The contractor will provide expert advice and improvements to the division's strategies related to plan administration, coverage policies, premium rate settings, and other aspects of benefit management. The contractor will also provide comprehensive actuarial services, including risk assessment and modeling, and will monitor and advise on industry requirements and obligations. The contract will be for an initial term of two years, with the option to renew for up to five additional one-year terms.
• The contractor must have at least five years of experience providing consulting and actuarial services to public entities.
• The contractor must be authorized to conduct business in the State of Arkansas.
• The contractor must provide detailed monthly and quarterly reports to the division.
• The contractor must attend meetings with the division, including weekly teleconferences and in-person meetings as necessary.