Helping you solve staffing gaps
Many Richmond and Virginia insurance companies look to outsourced accounting services to resolve an immediate need or as a long-term solution. Unexpected changes such as growing departmental demands, departure of a senior professional or assistance with special projects can increase urgency. Hiring new staff to bridge the gap can be difficult because of the time needed for hiring and onboarding plus the expense of training new team members on SAP and other insurance accounting standards. Rather than undergo this time-consuming and expensive process, insurance companies look to outsourced accounting as a practical solution.
Outsourced Insurance Accounting Experience
JLK Rosenberger provides outsourced accounting services to insurance companies in Richmond and Virginia. Our seasoned team members are intimately familiar with Statutory Accounting Principles (SAP), quarterly and annual NAIC reporting, and state regulations. We understand the accounting, financial reporting, and tax compliance challenges faced by insurance companies, especially when an unexpected change occurs. Our unique combination of skills translates into our team guiding clients to making well informed, strategic, and growth aligned decisions.
Outsourced Insurance Accounting Services
- Assistance with NAIC and state required reporting
- Monthly Accounting Assistance
- Prepare Federal and State Income Tax Returns
- Financial Statement Preparation
- Prepare Monthly, Quarterly, and Annual Internal
- Financial Statements
- Prepare Bank and Other Account Reconciliations
- Monitor Claim Retention and Amounts to be Recouped
- Prepare Annual Budgets and Cash Flow Forecasts
- Assist with the Evaluation of Vendors and
- Negotiating Contracts
Contact our Richmond Outsourced Accounting Team
JLK Rosenberger provides fractional accounting services to insurance companies in Richmond and Virginia. If you are interested in learning more about our services and how we can help you, complete the form at the top of the page and a team member will follow up shortly.
Frequently Asked Questions
Outsourced Accounting for Insurance Companies
About the Richmond Business Community
Richmond’s business community reflects a balance of historic economic strengths and modern growth sectors, shaped by its role as Virginia’s capital and its close ties to the broader Mid-Atlantic region. Finance and insurance play a major role, with companies like Capital One and numerous regional banking and investment firms maintaining large operations that contribute to a strong white-collar workforce. The city is also a growing hub for legal, regulatory, and public-sector services due to the presence of state government and a concentration of professional firms that support it. Richmond’s manufacturing roots remain influential as well, especially in advanced manufacturing, chemicals, and packaging, where global names like Dominion Energy, Altria, and WestRock help drive economic activity.