McRae, 53, joined the club in a new role in 2011, after previously coaching The Black and Whites’ between 2000 and 2004.ave and return home to be with his family.
He arrived back at the club shortly after owner Adam Pearson took over at the helm and he played an important role, which included overseeing the arrival of current head coach Peter Gentle.
Speaking about his decision to leave, the Australian admitted the time was right and that he wants to spend more time with his family.
“It is a decision I have thought long and hard about and taken into account the feelings of my wife and my family, although I do leave with a very heavy heart,” he said.
“Hull FC has and always will be a very special club for me, not just from my time as coach all those years ago, but more latterly as Director of Rugby, a role I have thoroughly enjoyed and rekindled some old friendships that will be lasting ones.
“I can’t think of a better time to leave the club on the back of a Challenge Cup Final at Wembley, which is a reward for everybody’s hard work over the last couple of years. I know it is only the start of a special era for Hull FC and one that I am pleased to have been able to play a small part in.”
He added, “I must thank Adam and Peter (Gentle) for their support and friendship during my time at the club, as well as all those people who I’ve met down the years that have been involved with or supported Hull FC.
“We all know the fans of this club are second to none, it’s one of the reasons that makes it so special, and I hope they get to share many more days out at Wembley with the players, coaches and staff for years to come.”
McRae has also coached in Super League with St. Helens and Salford, as well as being known to supporters as a pundit on Sky Sports’ rugby league coverage.
Airlie Birds owner Adam Pearson has wished him all the best for the future and believes he has left a lasting legacy on the club.
“People will always remember Shaun McRae for his commitment to the club during both spells with Hull FC and as a man who helped steady the ship following the turbulent times of the merger with Gateshead.
“He has certainly been a popular figure with the supporters and the wider rugby league public and on behalf of the club, I must thank him for his contribution to Hull FC and the game.
“He leaves us with our best wishes and we pass on our regards to his family who will be welcoming him back in Australia very soon, which I know is something he is looking forward to.”