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Borough of Atlantic Highlands·New Jersey

RFP Risk Manager - 2025

Closes 12/11/2024$20k – $60kRequest for Proposal
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Description

The Borough of Atlantic Highlands seeks a qualified Risk Management Consultant to serve as its municipal risk manager for the calendar year 2025. The consultant will identify and mitigate insurance‑related exposures, assist with the Monmouth County Municipal Joint Insurance Fund (JIF) applications and budgeting, review loss reports, support claims settlement, and attend JIF safety committee meetings. Compensation is tied to a percentage of the JIF assessment, and the contractor must hold a New Jersey property/casualty insurance producer license and be pre‑qualified by the JIF. • Perform risk identification, insurance coverage review, and budgeting for the borough’s municipal insurance program. • Prepare and submit JIF application documents, review loss/run reports, and coordinate quarterly claims‑review meetings. • Provide monthly reporting, attend JIF and safety committee meetings, and comply with HIPAA, ADA, and all NJ statutory requirements.

Attached files

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

Contact

Robert Ferragina(Borough Administrator)

[email protected]

Key dates

Opened
11/1/2024
Closes
12/11/2024
Duration
1 years

Last updated

Details

Type
Request for Proposal
Industry
Risk Management
NAICS
541618

Budget estimate

$20,000 – $60,000

The contract pays 6 % of the borough’s JIF insurance assessment for 2025. Municipal insurance assessments for similarly sized New Jersey boroughs typically range from $300,000 to $800,000, implying a consultant fee between $18,000 and $48,000. Accounting for possible additional service fees or overhead, a realistic earning range would be roughly $20k–$60k for the year.

AI estimate from the solicitation

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