Bickmore Finance and Accounting services include comprehensive accounting, reporting, and financial analysis for joint powers insurance authorities and private group self-insured trusts. We provide transparent budgets that present the annual financial plan for the pool; full disclosure financial reports in accordance with applicable standards that benchmark results against expectations; and financial models to provide policy year and member equity accounting. Client benefits include:
- Staff includes certified public accountants with self-insurance accounting experience; they participate with actuaries, third party claims administrators, and investment advisors on matters concerning the pool.
- Services consist of full general ledger, accounts payable, and accounts receivable functions, as well as treasury and cash flow management and reporting.
- Quarterly financial statements present the financial condition of the pool, and results of its operations by major line of coverage and coverage year.
- Financial reports keep stakeholders informed of the pool’s financial activities, and provide a bottom-line approach geared toward the needs of decision makers.