NBOE seeks to immediately engage an experienced brokerage/consulting firm to provide professional, highly qualified benefits guidance and services. Brokerage/consulting firms are expected to have demonstrated expertise. This includes, but is not limited to: 1. Develop short- and long-range employee benefit goals and strategies. 2. Partner with the Human Resources and Benefits team at the Newark Board of Education to administer all group insurance plans including responding to questions from and providing information to staff, and providing other benefits-related advisory services throughout the plan year. 3. Review and analyze claims experience, claim service, and claim administration to ensure maximum benefit to the Newark Board of Education. 4. Determine and recommend the most cost-efficient funding methods for benefit programs. 5. Prepare bid specifications as needed. 6. Evaluate bids and bidders, including administration, coverage, claim payment procedures, customer service, networks, reserve establishment policies and financial solvency. 7. Provide the Newark Board of Education with in-depth analysis of proposed alternatives and assist with the process of selecting the most favorable annual renewal options. 8. Apprise the Newark Board of Education of local and national benefit trends and provide benchmark survey data to help calibrate program offerings with employee and employer costs compared to similar organizations. 9. Apprise the Newark Board of Education of local and national benefit trends and provide benchmark survey data to help with budget preparation. 10. Meet with and provide reports and presentations to various Newark Board of Education representatives, including Senior Executives, if requested.
