Helping you solve staffing gaps
Many Lexington and Kentucky 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 Lexington and Kentucky. 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 Lexington Outsourced Accounting Team
JLK Rosenberger provides fractional accounting services to insurance companies in Lexington and Kentucky. 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 Lexington Business Community
Lexington’s business community thrives on a mix of equine heritage, education, healthcare, and advanced industries that create a surprisingly diverse economic base for a mid-sized southern city. The legacy identity of being the Horse Capital of the World still matters, because the equine economy drives dollars not only in the horse farms on the edges of Fayette County, but also in ancillary sectors like veterinary services, bloodstock markets, equine insurance, horse transport, breeding technology, agricultural services, and hospitality tied to Keeneland events. But the modern Lexington economy is more than horses. The University of Kentucky anchors a major research cluster, particularly in life sciences, biotechnology, pharmaceuticals, medical R&D, and engineering. UK Healthcare has grown into one of the largest systems in the state, attracting specialists and research talent from across the region, and supporting a professional services ecosystem of physicians, consultants, technology integrators, billing vendors, and revenue cycle firms.