Underwriting Manager - Financial Institutions

Posted 12 Days Ago
Be an Early Applicant
Chicago, IL, USA
In-Office
Expert/Leader
Insurance
The Role
Manages and grows a profitable portfolio of financial institution insurance risks across new and renewal business. Underwrites complex management liability exposures, including D&O, E&O, EPL, fiduciary, and crime and fidelity coverage. Evaluates governance, financial performance, capital structure, regulatory developments, and emerging risks. Leads client and broker strategy discussions, negotiates placements and renewals, maintains underwriting standards, develops relationships, supports product initiatives, and mentors team members.
Summary Generated by Built In

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.

Key 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

Risk Assessment and Analysis

  • 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.

 

What you will need to succeed:

Education

  • Bachelor's degree in Business, Finance, Risk Management, Insurance, Accounting, Economics, or related field is preferred.

 

Experience

  • 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

Skills

  • 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.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

Skills Required

  • Bachelor's degree in Business, Finance, Risk Management, Insurance, Accounting, Economics, or a related field
  • 7-12+ years of experience in Financial Institutions underwriting or a related field
  • Deep knowledge of management liability insurance products, including D&O, E&O, EPL, fiduciary, and crime and fidelity
  • Experience negotiating complex insurance placements and renewals
  • Established network of broker relationships and strong reputation within the Financial Institutions network
  • Team leadership and mentoring experience
  • Effective decision-making in complex situations
  • Strong organizational and prioritization skills

Starr Insurance Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Starr Insurance and has not been reviewed or approved by Starr Insurance.

  • Healthcare Strength — Health coverage is frequently characterized as excellent, with comprehensive medical, dental, and vision options supported by wellness tools and an EAP. Feedback suggests additional voluntary protections (critical illness, accident, hospital indemnity) broaden overall healthcare security.
  • Retirement Support — Retirement offerings include both a 401(k) and a defined‑benefit pension, which is often highlighted as a standout feature. Profit sharing is also referenced as part of the broader financial benefits mix.
  • Strong & Reliable Incentives — Top performers in underwriting are described as receiving excellent pay with good bonuses and clear advancement opportunities.

Starr Insurance Insights

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The Company
HQ: New York, New York
2,935 Employees
Year Founded: 1919

What We Do

Starr Insurance is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents. Starr has the global knowledge, vision and relationships to help your company succeed, anywhere you do business.

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