Ccrfp for fund treasurer

The New Jersey Municipal Excess Liability Joint Insurance Fund (NJMEL) is conducting a Competitive Contracting Request for Proposals (CCRFP) to procure a Fund Treasurer for a three-year contract term from January 1, 2026 through December 31, 2028. The procurement, specific to Morris County, seeks a Certified Public Accountant (CPA) or financial professional to manage comprehensive financial operations for the joint insurance fund. Key responsibilities include maintaining accurate financial records, managing banking relationships, processing payments and receipts, reconciling accounts, and ensuring compliance with New Jersey statutory and regulatory requirements. The proposal must include detailed submissions covering contact information, fee proposals, qualifications demonstrating experience with joint insurance funds, staffing plans, references, and cybersecurity capabilities. Evaluation will utilize a 50-point system, with 25 points allocated to technical criteria, 15 points to managerial criteria, and 10 points to cost considerations. Proposals are due on Wednesday, November 12, 2025, at 10:00 A.M., with a comprehensive review process focusing on the candidate's expertise in public fund accounting, investment management, and fiscal controls.

The solicitation does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. The selected Treasurer will be required to maintain comprehensive insurance coverage, including cyber liability insurance with $1,000,000 per claim and aggregate limits. Successful respondents must adhere to specific cybersecurity standards, including multi-factor authentication, secure data practices, and annual security training. While the RFP does not disclose the current incumbent or precise budget range, it indicates the contract is for a three-year term with potential extensions during public emergencies. The Fund is tax-exempt and will follow New Jersey competitive contracting regulations, suggesting a structured and transparent selection process. Prospective respondents should be prepared to demonstrate substantial experience with joint insurance funds, robust financial management capabilities, and a comprehensive understanding of New Jersey's regulatory environment for public financial entities.