The NIB Trust Fund is seeking a financial services provider to provide a full range of financial services and supports beginning April 2021. Currently, there is an in-house Finance Officer that will remain, however the NIBTF requires payroll support, financial oversight, and investment service monitoring.
NIB Trust Fund currently employs seven staff and an Executive Director and has a Financial Oversight contracted with an outside organization. The NIB Trust Fund keeps its books and records, process its payroll and some finance activities on the reserve. Over the last three (3) years, on average, the NIB Trust Fund issued payments to individuals and organizations in an amount of $10 million dollars. Currently, the NIB Trust Fund had its audit field work completed between each May to June. The final audited Financial Statement and audit opinion must be presented to the Board of Trustees by the end of June and presented to all the Chiefs at the Annual General Assembly in July.
NIB Trust Fund invites professional accounting firms to submit proposals to perform the yearly finance oversight services for a term of one (1)-year contract from April 1, 2021 to March 31, 2022. The contract is renewable for up to three years.
It is expected that interviews will be held in mid-February with a short list of financial service providers. The Contractor should be able to work within constraints of budget, schedules, and skill shortages.
Submit proposals and questions by email to:
NIB Trust Fund
46 Irene Roundpoint Rd.
Email: [email protected]
Deadline for receipt of proposals: Friday, February 12, 2021, by 5:00 PM EST.