The Cumberland County Insurance Commission is requesting proposals from qualified individuals and firms to provide an Auditor for the Cumberland County Insurance Commission. Proposer should educate itself further regarding additional statistical information which it may need to prepare its proposal. As a minimum, the applicant shall have seven (7) years’ experience as Fund Auditor for a joint insurance fund of the State of New Jersey. The applicant must demonstrate a high degree of knowledge of (1) the finance and operation of local governmental units in New Jersey, (2) the management of a governmental entity comprised of numerous governmental entities and involving numerous vendors (3) workers compensation, liability and property matters involving New Jersey governmental entities, (4) the regulations of the Department of Banking and Insurance and the Department of Community Affairs pertaining to joint insurance funds, and (5) financial matters pertaining to joint insurance funds including budgets, assessments, monitoring reports, investments, audit controls, fund year accounting and closed fund year accounting. The respondent’s firm must employ a minimum of two (2) Certified Public Accountants, licensed/certified in the State of New Jersey and in good standing with the State of New Jersey, in order to be considered for this position. The Auditor shall: a. Attend meetings with Fund Officials, as required and requested by the Board. b. Conduct an annual audit of the books and records of the Insurance Commission for Calendar Year Ending December 31, 2023. c. Audit fieldwork will be designed to provide reasonable assurance that the financial statements are free from material misstatement. The Commission’s financials are prepared in accordance with accounting principles generally accepted in the United States of America applicable to enterprise funds of State and Local Governments. In performing the audit, the auditor shall follow governmental auditing standards as set for the by the Comptroller General of the United States as well as with audit requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. d. Provide non-attest services including preparing the financial statements and note disclosures for the Insurance Commission, unless directed otherwise by the Fund Officials. Ledgers are maintained by the Executive Director. e. Provide advice on specific accounting or financial issues as requested.
