Helping you solve staffing gaps
Many Salt Lake City and Utah 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 Salt Lake City and Utah. 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 Salt Lake City Outsourced Accounting Team
JLK Rosenberger provides fractional accounting services to insurance companies in Salt Lake City and Utah. 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 Salt Lake City Business Community
Salt Lake City
has evolved into a dynamic economic center, balancing its historical roots with modern innovation. Traditionally anchored by government services, mining, and agriculture, the city has diversified significantly, emerging as a hub for technology, healthcare, finance, and logistics.
The technology sector, particularly within the “Silicon Slopes” region encompassing Salt Lake City and Provo, has experienced rapid growth. This area hosts a multitude of tech companies, including major players like Adobe, eBay, and Goldman Sachs, attracted by the state’s business-friendly environment, skilled workforce, and supportive infrastructure. The rise in artificial intelligence-related job postings further underscores the region’s expanding tech landscape.
The technology sector, often referred to as the “Silicon Mountains,” has seen substantial growth. In 2024, the city witnessed a surge in startup activity, highlighted by notable IPOs and increased venture capital investments, particularly in finance technology, mobile, and telecommunications industries.