Description
The State of Arkansas is seeking a contractor to provide statewide actuarial services, including life insurance, health insurance, pension, property and casualty, enterprise risk management, and investment and finance actuary services. The contractor will provide actuarial analyses, risk assessments, and forecasting to help the state make informed decisions. The contract will be for a term of three years, with the option to renew for up to four additional one-year terms. The contractor must have experience providing actuarial services to public entities and must be authorized to do business in the state of Arkansas.
Key responsibilities include:
• Providing actuarial services to purchasing entities as determined by the scope of work
• Applying industry standard actuarial analytics and methodologies
• Complying with all statutes, rules, policies, and procedures related to providing actuarial services
• Identifying and quantifying vulnerabilities and developing solutions to mitigate associated risks
• Conducting evaluations of plan assets and liabilities and creating forecasted projections for funding and expense