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Accounting and Administrative Outsourcing

With this service, Strohm Ballweg becomes your fully or partially outsourced finance department providing services based on your needs.


This is a solution for both start-up companies and companies wishing to outsource this function. We have a wealth of experience in the insurance industry and experienced insurance accounting professionals at all levels including Accountant, Controller, CFO, and CEO. This service provides cost-effective access to expertise and layers of personnel, while eliminating the cost and effort involved in hiring, training, and turnover.

From simple daily tasks to complex accounting or reporting issues, we can:

  • Assist with Regulatory Compliance by preparing and submitting quarterly and annual statements and related regulatory filings
  • Provide Investment Accounting services
  • Prepare federal and state income tax returns
  • Provide consulting, financial, and administrative services to NOLHGA, the NCIGF, and insurance regulators related to insurance company insolvencies
  • Consult with you on a new insurance company formation
  • Deposit cash receipts
  • Issue general disbursements
  • Prepare bank and other account reconciliations
  • Maintain the general ledger
  • Monitor claim retention and provide amounts to be recouped from reinsurers
  • Coordinate with claim adjusting firms and actuaries (no claims adjusting)
  • Prepare annual budgets
  • Assist with the evaluation of vendors and negotiating contracts
  • Host and coordinate annual financial audits
  • Prepare audit report
  • Host and coordinate state examinations and respond to examiner inquiries
  • Prepare an annual cash flow plan
  • Monitor cash flow needs and coordinate cash transfers throughout the year
  • Prepare monthly, quarterly, and annual internal financial statements
  • Present financial statements to the Board and others as needed
  • Consult with management or the Board on accounting and financial reporting matters