Helping you solve staffing gaps
Many Minneapolis and Minnesota 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 Minneapolis and Minnesota. 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 Minneapolis Outsourced Accounting Team
JLK Rosenberger provides fractional accounting services to insurance companies in Minneapolis and Minnesota. 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 Minneapolis Business Community
Minneapolis stands as one of the Midwest’s most dynamic business hubs, combining a strong foundation of Fortune 500 companies, innovative startups, and a thriving network of small businesses that contribute to a diverse and resilient economy. The city’s economy has deep roots in commerce, healthcare, finance, manufacturing, and technology, with major corporations such as Target, U.S. Bancorp, Best Buy, and General Mills maintaining headquarters or significant operations in the area. Its central location and well-developed transportation infrastructure make it a logistical gateway to both national and international markets, supported by the Minneapolis–Saint Paul International Airport and an efficient network of rail and highway systems.
Healthcare and medical technology play a pivotal role in the city’s economic fabric, anchored by the Mayo Clinic’s proximity in Rochester and the concentration of medtech firms in the region. The Twin Cities are home to many firms that lead in medical devices, biotechnology, and healthcare services, drawing on the area’s research universities and highly skilled workforce. Finance and insurance are equally influential, with Minneapolis serving as the headquarters for the Federal Reserve Bank of Minneapolis and multiple large financial institutions that reinforce the city’s reputation as a regional financial powerhouse.