The government authority located in Little Rock, Arkansas is seeking a vendor to provide financial consulting services over a three-year contract. The scope of work includes financial auditing services, premium billing, claims administration, payment processing, and managing actuarial data and estimation processes. Vendors will also be responsible for investment management and cash controls, financial reporting, regulatory submissions, as well as overseeing investment portfolios and related income.

Additional services cover management of administrative and operating expense accounts, risk assessment and controls related to the audit process and internal controls, and defining audit methodology. This includes the approach to audits, processes for data collection, and systems used for documenting audit procedures, findings, and evidence. The consultant will be required to develop structured reporting and follow-up processes, including the format of audit reports and post-audit review stages. Quality assurance and review mechanisms must be implemented to ensure accuracy, thoroughness, and compliance, with final review and approval by designated individuals. All questions regarding the RFP must be submitted by March 19, 2026.