Underwriting Manager - Financial Institutions

Starr Insurance•Chicago, IL

About The Position

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress. The Financial Institutions Underwriting Manager is responsible for underwriting, management, and growth of a diverse profitable portfolio of new and renewal financial institution within the Central Region (can also open up to west coast). The ideal candidate will have deep knowledge of complex financial institutions risks, corporate governance practices, regulatory developments, and insurance market conditions, enabling them to deliver sound underwriting decisions and strategic risk management guidance. The position requires subject matter expertise in Directors & Officers Liability, Errors & Omissions Liability, Fiduciary Liability, Employment Practices Liability, and Crime & Fidelity, and serves as a key resource for clients, brokers, and internal stakeholders.

Requirements

Bachelor's degree in Business, Finance, Risk Management, Insurance, Accounting, Economics, or related field is preferred.
7-12+ years of experience in Financial Institutions preferred with demonstrated knowledge and skills to support leadership in scaling a profitable portfolio
Established network of broker relationships and strong reputation within the Financial Institutions network
Deep knowledge of management liability insurance products; D&O, E&O EPL, Fiduciary & Crime & Fidelity
Experience negotiating complex insurance placements and renewals.
Team leadership and mentoring experience.
Effective decision-making in complex situations.
Strong organizational and prioritization skills.

Responsibilities

Manage a portfolio of Financial Institutions ranging from middle-market to large complex financial institutions (asset management, banks, insurance companies, insurance agents)
Serve as the primary point of contact for clients, brokers and internal stakeholders.
Develop and maintain strong relationships with our key stakeholders
Lead new and renewal strategy discussions and presentations with clients and brokers.
Maintain underwriting best practices, in accordance with underwriting guidelines
Assist the team in executing on strategic initiatives and product development
Analyze complex risks and unusual transaction structures effectively based on increased level of authority
Assess organizational governance structures and risk management practices.
Monitor industry sectors for emerging risks, litigation trends, and regulatory developments.
Analyze company financial performance and capital structure to evaluate risk profile.