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Specialized Actuarial Analyst (Ad-hoc Studies)

Active
State & Local

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This subcontract for Specialized Actuarial Analyst services supports prime contractors on projects for the Florida State Board of Administration. The scope of work focuses on non-recurring actuarial studies and legislative analysis, including the production of actuarial adequacy reports, assumption studies to verify plan validity, and the preparation of fiscal notes regarding proposed legislative changes. All work must be performed using statistical analysis tools and financial modeling software in strict accordance with Actuarial Standards of Practice. The primary deliverables for this engagement include adequacy letters, comprehensive study reports, and detailed fiscal notes. This opportunity falls under NAICS code 541990 and is associated with a response deadline of April 30, 2027.

Documents

This scope was carved out of ITN 26-02.

The full solicitation package (10 documents), including the RFP, is on the prime solicitation, not on this scope.

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Actuarial Services for the Stanley G. Tate Florida Prepaid College Program

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Organization & Contact Information

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AgencyFlorida → State Board of Administration
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs non-recurring actuarial studies and legislative analysis for prime contractors on State Board of Administration (Florida) projects. Conducts actuarial adequacy reports, assumption studies to evaluate plan validity, and prepares fiscal notes for proposed legislative changes. Utilizes statistical analysis tools and financial modeling software in compliance with Actuarial Standards of Practice. Delivers adequacy letters, study reports, and fiscal notes.

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Same NAICS industry code

NAICS: 541990
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Actuarial Services for the Stanley G. Tate Florida Prepaid College Program
Solicitation # ITN 26-02
The State Board of Administration is seeking a qualified firm to provide independent actuarial services for the Stanley G. Tate Florida Prepaid College Program. The primary objective is to ensure the actuarial soundness of the Prepaid Plan and to establish accurate plan pricing in accordance with the Actuarial Standards of Practice, the Actuarial Code of Professional Conduct, Section 529 of the Internal Revenue Code, and relevant Florida Statutes. The selected provider will be responsible for a wide range of core deliverables, including four quarterly actuarial valuation letters with monthly cash flow projections, one annual actuarial valuation report, and one annual plan pricing report for the designated enrollment period. Additional requirements include the development of a sensitivity matrix for material actuarial drivers, annual presentations to the Board, and the maintenance of a comprehensive continuity and data security plan. The procurement process, conducted under Section 287.057 of the Florida Statutes, utilizes a multi-phase competitive approach starting with a binary pass/fail assessment of mandatory requirements, followed by a detailed evaluation of organizational experience, scope of services, value-added offerings, and pricing. The resulting contract will include an initial term with the possibility of up to five one-year renewal periods. Beyond core valuations and pricing, the actuary may be called upon to provide additional services such as legislative analysis, fiscal note preparation, and specialized actuarial studies. All services must be supported by detailed work papers and quality control procedures to facilitate Board oversight and potential transition to a successor provider.
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POSTED

1 day ago

DEADLINE

in 7 months
View Details
NAICS: 541990
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POSTED

1 day ago

DEADLINE

in 29 days
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