Helping you solve staffing gaps
Many Chicago and Illinois 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 Chicago and Illinois. 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.
- 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 Chicago Outsourced Accounting Team
JLK Rosenberger provides fractional accounting services to insurance companies in Chicago and Illinois. 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 Chicago Business Community
The Chicago business community is one of the most diverse and influential cities, anchored by its status as a global financial center and a critical transportation and logistics hub. The city is home to major corporations across a wide range of sectors, including finance, healthcare, manufacturing, food processing, and technology. Headquarters for Fortune 500 companies such as Boeing, United Airlines, McDonald’s, and Walgreens contribute to the city’s global economic footprint. Chicago’s robust infrastructure—including O’Hare International Airport, one of the busiest in the world, and an extensive freight rail network—supports a thriving logistics and distribution industry that connects Midwest manufacturing to national and international markets. Financial services remain a cornerstone of the local economy, with institutions like the Chicago Board Options Exchange (CBOE) and the Federal Reserve Bank of Chicago underscoring the city’s role in global markets.