Actuarial Audit Services

Overview

Financial, Legal, HR & Staffing

Augusta, Maine, United StatesPosted about 2 months agoDeadline: April 14th, 2026

Fit Score

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SUMMARY

The State of Maine is seeking a vendor to perform a level two independent audit and review of actuarial methods and assumptions for compliance with professional standards.

KEY REQUIREMENTS

BUDGET

Estimate

$50,000 – $200,000

CONTRACT DURATION

4 months

TIMELINE

RFP Issued: March 16th, 2026

Deadline for Questions: March 26th, 2026

Questions Answered: March 31st, 2026

Proposal Due Date: April 14th, 2026

Evaluation of Proposals: April 15th-29th, 2026

Execution of Contract: May 15th, 2026

Contract Start Date: June 1st, 2026

QUESTION DEADLINE

March 26th, 2026

Issuing Agency

Maine Public Employees Retirement System

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DESCRIPTION

A government authority in Maine seeks a vendor to provide actuarial audit services. The selected contractor will conduct a level two independent audit and thorough evaluation of actuarial services. This includes reviewing and analyzing actuarial methods and assumptions for appropriateness, internal consistency, and adherence to applicable professional standards.

Vendors are expected to ensure all aspects of the actuarial methods utilized by the authority meet professional requirements and provide a detailed analysis of their findings.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.