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  5. ›INTERNAL AUDITOR – INSURANCE REVIEW

New Jersey Municipal Excess Liability Joint Insurance Fund·New Jersey

INTERNAL AUDITOR – INSURANCE REVIEW

Closes 11/12/2025$200k – $500kRequest for ProposalLogin required
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Description

The Municipal Excess Liability Joint Insurance Fund is seeking a qualified firm to perform internal auditing services focused on insurance operations and coverage reviews. The selected firm will assess underwriting practices, policy documentation, risk financing structures, and compliance with applicable statutes and regulations governing joint insurance funds. The contract duration is 3 years. Key responsibilities include evaluating operational efficiency, transparency, and insurance program accountability. • The selected firm will provide independent evaluations to enhance operational efficiency and transparency. • The firm will assess underwriting practices, policy documentation, and risk financing structures. • The firm will ensure compliance with applicable statutes and regulations governing joint insurance funds. • The firm will provide recommendations for improvement and identify areas for increased efficiency. • The firm will submit reports and findings to the Fund.

Attached files

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

Contact

Matthew Cavallo(Qualified Purchasing Agent)

[email protected]

(973) 703-4070

Key dates

Opened
10/21/2025
Questions due
11/3/2025
Closes
11/12/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
5241
Solicitation №
25-11

Budget estimate

$200,000 – $500,000

Based on the contract duration of 3 years and the scope of work, the estimated budget could range from $200,000 to $500,000. This estimate considers the complexity of the auditing services, the need for expertise in insurance operations, and the potential for additional services or extensions. Factors influencing the budget range include the firm's experience, the level of competition, and the Fund's budget for the contract.

AI estimate from the solicitation

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