Build a high-performance financial team
Monitoring financial risk is critical for insurers. However, building and maintaining an in-house accounting team requires talent and resources that can be challenging to maintain.
Outsourcing your accounting function provides a leaner, more flexible way to get the experience and support of a full-time accounting team without the cost. And Wipfli can help, providing you with outsourced finance and accounting for insurance that can help manage finances at the highest levels in your organization.
Why Wipfli?
Wipfli provides a range of insurance back-office outsourcing services, including CFO and controller, to help you augment your financial team.
From adopting new accounting technology to developing a strategy to guide your organization’s growth, we’re ready to take ownership of your financial management so that you can focus on running your business.
How we help you
Add significant financial knowledge to your organization with Wipfli’s fractional CFO and controller services. We deliver insights at the executive level to help you generate profit, mitigate financial risk and maintain a growth trajectory.
We can support your company by:
- Providing strategic planning and financial analysis.
- Establishing KPIs.
- Evaluating cost drivers and financial stability.
- Consulting on debt structure or refinancing opportunities.
- Developing and overseeing action plans to address budget gaps.
- Analyzing cash flow forecasting.
- Identifying opportunities to improve cash flow and liquidity.
- Maintaining banking relationships.
- Attending board meetings.
Wipfli’s outsourced controller services can help you manage risk, enhance financial reporting and manage your accounting operations effectively. Our services include:
- Reviewing, analyzing and identifying trends in financial statements.
- Performing month-end close.
- Overseeing your accounting team.
- Monitoring budget to actual and identifying trends.
- Overseeing the production of financial reports and KPIs.
- Collaborating with tax preparer.
- Providing strategic planning support.
- Performing cash flow management.
- Supervising payroll processing and submission.
Wipfli understands your complex, industry-specific accounting challenges, and we’re ready to provide support. Our outsourced services can help augment your accounting function with support for:
- Statutory accounting.
- Downloading and monitoring bank activity.
- Downloading and monitoring credit card activity.
- Reconciling vendor statements.
- Paying vendors and tracking accounts payable.
- Processing and recording payroll.
- Submitting 401(k) payments.
- Preparing and submitting sales and use tax returns.
- Reconciling credit card and bank statements.
- Recording depreciation.
- Tracking unbilled revenue.
- Managing and storing financial documents in the cloud.
- Tracking and adjusting significant balance sheet accounts.
Elevate your existing CFO with personalized coaching from our experienced team. A Wipfli CFO can provide your leader with a customized and comprehensive growth plan that’s designed to give them the skills they need to:
- Develop financial strategy and planning.
- Monitor and enhance risk management.
- Improve financial reporting and compliance.
- Participate in strategic decision-making.
- Manage project or program costs and efficiency.
- Determine capital structure and project financials.
You can also use our deep bench of support to augment your CFO and give them increased capacity for special projects or day-to-day work.
Our team
Greg Foster, CPA
Greg Foster is a partner with over 30 years of practice in public accounting. His experience includes providing insurance, banking, credit union and securities clients with various services including financial statement audits, public and private securities registrations and mergers and acquisitions. As leader of the insurance services group, Greg oversees a variety of services to insurance companies including traditional insurers and reinsurers as well as captives, risk retention groups, reinsurance pools and similar arrangements.
Anna Kooi, CPA
Anna Kooi is a partner and leads Wipfli’s financial services practice. She has more than 20 years of experience in serving a variety of public and private clients in the financial services industry. Anna has advised clients ranging from startups to Fortune 50, bringing deep industry knowledge to the clients she services.
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