Under the general direction of the Executive Director of CPCFA and designated staff, the Third-Party Administrator agrees to provide services as described below: a. Role and Responsibilities: The Third-Party Administrator selected through this RFP process will be responsible for complying with all SSBCI program rules as outlined by the U.S. Department of the Treasury and additional requirements and regulations implemented by CPCFA. They will coordinate with CPCFA to: 1. Assist with the development and implementation of one or more LPPs, including all documentation and legal instruments. a. Work with CFI to create LPP documents, and marketing material. b. Work as a liaison between CPCFA and CFI. c. Work with CFI and PFIs to coordinate enrollment and participation in the program. 2. Provide operational capacity, skills, relationships, and expertise to manage the LPP. a. Coordinate with CPCFA to oversee the LPP ensuring objectives are met and loan participations are efficiently deployed to support small business within SSBCI guidelines. b. Regularly meet with CPCFA staff and attend board meetings, as needed. c. Develop and implement a comprehensive compliance and risk management plan that includes regular external audits, continuous monitoring for legal, regulatory, and policy changes, and a rapid response strategy for relevant compliance issues.
