Fee Collection and Revenue Reconciliation

The contract requires the collection of licensee fees and the daily reconciliation of revenue through electronic funds transfer to the Department of Insurance’s Controllers Office in North Carolina. The successful bidder must ensure all financial transactions are accurately recorded, tracked, and processed in compliance with state financial protocols to maintain full audit readiness at all times. This includes verifying the integrity of payment sources, matching deposits to corresponding licensees, and resolving discrepancies promptly to guarantee financial transparency and accountability. The work is classified as a subcontract under NAICS code 522390, indicating it relates to other financial investment activities, and is open for response until August 28, 2026. The contract is administered by the North Carolina Department of Insurance with no specific set-aside designation, and performance is expected to occur within the state’s jurisdiction. While the exact location of performance is not specified, all financial reporting and reconciliation must align with the state’s fiscal systems and audit requirements, and the contractor must be prepared to produce documentation on demand for internal or external reviews.