Description
The Jefferson Parish Purchasing Department is seeking a qualified firm to provide actuarial and consulting services for Jefferson Parish, including actuarial estimates, funding requirements, and system evaluations. The selected firm will work under the direction of the Director of Risk Management and the Insurance Advisory and Coordination Committee. The scope of services includes providing actuarial and consulting services, evaluating the parish's self-insured losses, and reviewing the parish's current system and procedures. The firm must have at least two employees who are members of the American Academy of Actuaries, and the proposal must include identification of personnel to be involved in the project, their professional qualifications and experience, and a description of the firm's local presence.
Some key points to consider include:
• The firm must have experience in providing actuarial and consulting services to government entities.
• The firm must have a strong understanding of the Governmental Accounting Standards Board (GASB) rules.
• The firm must be able to evaluate the parish's current system and procedures and provide recommendations for improvement.
• The firm must be able to provide actuarial estimates and funding requirements for the parish's self-insured losses.
• The firm must be able to review and evaluate the parish's current insurance policies and provide recommendations for improvement.