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Finance Specialist - Risk Insurance

McKinsey & Company

Accounting & Finance

New York, NY, USA

USD 141,500-176,800 / year

Posted on Feb 26, 2026

Risk & Compliance

Finance Specialist - Risk Insurance

Job ID: 106288

New York City

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Do you want to work on complex and pressing challenges—the kind that bring together curious, ambitious, and determined leaders who strive to become better every day? If this sounds like you, you’ve come to the right place.

Your Impact

In this role, you will be a key driver of our company’s risk and insurance strategy, serving as a central partner in protecting the organization from complex and evolving risks.

You will lead the management of insurance claims, directly influence financial outcomes and ensure the company’s interests are effectively represented. As part of a lean, high-impact team, you’ll help improve processes and elevate how risk management supports the business. Your work will have visibility with leadership and a direct impact on resilience and operational continuity.

You will work closely with the Risk Insurance Senior Manager and brokers on all lines of business, playing an active role in the renewal strategy process as well as administering the risk management program daily. As a Risk Insurance Specialist, you will assist with invoicing, file management, renewal data collection, preparation, and analyses of underwriting applications.

You will serve as primary internal point of contact for claims, coordinating among carriers, brokers, adjusters, outside counsel, and internal stakeholders. Efficient handling of claims, such as tracking progression of claims and maintaining a good record keeping format and tracking claims expenses for estimating the financial value of each claim.

You will provide functional expertise and assist legal and contract management teams in the review of contracts to ensure insurance coverage is appropriate.

You will handle certificate of insurance requests for vendors and clients and will organize the team’s data files and documents to enable more efficient access to information.

Your Growth

You are someone who thrives in a high-performance environment, bringing a growth mindset and entrepreneurial spirit to tackle meaningful challenges that have a real impact.

In return for your drive, determination, and curiosity, we’ll provide the resources, mentorship, and opportunities to help you quickly broaden your expertise, grow into a well-rounded professional, and contribute to work that truly makes a difference.

When you join us, you will have:

Continuous learning: Our learning and apprenticeship culture, backed by structured programs, is all about helping you grow while creating an environment where feedback is clear, actionable, and focused on your development. The real magic happens when you take the input from others to heart and embrace the fast-paced learning experience, owning your journey.
A voice that matters: From day one, we value your ideas and contributions. You’ll make a tangible impact by offering innovative ideas and practical solutions, all while upholding our unwavering commitment to ethics and integrity. We not only encourage diverse perspectives, but they are critical in driving us toward the best possible outcomes.
Global community: With colleagues across 65+ countries and over 100 different nationalities, our firm’s diversity fuels creativity and helps us come up with the best solutions. Plus, you’ll have the opportunity to learn from exceptional colleagues with diverse backgrounds and experiences.
Exceptional benefits: On top of a competitive salary (based on your location, experience, and skills), we provide a comprehensive benefits package to enable holistic well-being for you and your family.

Your qualifications and skills

Bachelor’s degree required; Professional designations such as ARM, CPCU, CRM or similar are a plus
5+ years of experience in risk management, insurance brokerage, or corporate insurance roles, demonstrating a strong work ethic, initiative, and the ability to operate independently with resourcefulness and responsiveness
Strong working knowledge of commercial insurance programs (e.g., Cyber, D&O, Professional Liability, Casualty, etc.)
Experience supporting insurance renewals, underwriting data collection, and broker/carrier negotiations
Claims management and advocacy, including coordination with adjusters, counsel, and internal stakeholders
Exposure to contractual risk transfer and insurance requirements review preferred
Experience working with brokers, carriers, TPAs, and external advisors
Strong organizational and project management skills with the ability to influence stakeholders across levels

Please review the additional requirements regarding essential job functions of McKinsey colleagues.

Our unwavering commitment to integrity drives everything we do, guiding us to always act in the best interests of our clients, our people, and the communities we serve.

Industries

Financial Services

Capabilities

Firm Administration
Risk & Resilience
Strategy & Corporate Finance

+ 2 More

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FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary for this role. For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $141,500 - $176,800 USD —to help you understand what you can expect. This reflects our best estimate of the lowest to highest [salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and/or organizational performance.

Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families. This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.

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Job Skill Group - CSSA
Job Skill Code - FS - Finance Specialist
Function - Firm Administration;Risk & Resilience;Strategy & Corporate Finance
Industry - Financial Services
Post to LinkedIn - Yes
Posted to LinkedIn Date - Wed Feb 25 00:00:00 GMT 2026
LinkedIn Posting City - New York
LinkedIn Posting State/Province - New York
LinkedIn Posting Country - United States
LinkedIn Job Title - Finance Specialist - Risk Insurance
LinkedIn Function - Administrative;Finance
LinkedIn Industry - Financial Services
LinkedIn Seniority Level - Not Applicable

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