At Frontier, we believe the skies should be for everyone. We deliver on this promise through our commitment to Low Fares Done Right. This is more than our tagline - it’s our driving philosophy. Every member of Team Frontier has an important role to play in bringing this vision to life. Our successful business model allows travelers to take advantage of our fast-growing route network while our bundled and unbundled pricing options allow our customers to personalize their travel experience and only pay for the services they need – saving them money along the way.
What We Stand For
Low Fares Done Right is our mission and we strive to bring it to life every day. Our ‘Done Right’ promise means delivering not only affordable prices, but making travel friendly and easy for our customers. To do this, we put a great deal of care into every decision and action we take. We must be efficient with the use of our resources and make smart decisions about how we run our business. We must also innovate and be pioneers - we’re not afraid to try new things. While our business requires us to fly high in the air, we also consider ourselves down-to-earth in our approach, creating a warm and friendly experience that truly demonstrates Rocky Mountain Hospitality.
At Frontier, we like to think we’re creating something very special for our team members. Work is why we’re here, but the perks are nice too:
- Flight benefits for you and your family to fly on Frontier Airlines.
- Buddy passes for your friends so they can experience what makes us so great.
- Discounts throughout the travel industry on hotels, car rentals, cruises and vacation packages.
- Discounts on cell phone plans, movie tickets, restaurants, luggage and over 2,000 other vendors.
- Enjoy a ‘Dress for your Day’ business casual environment.
- Flexible work schedules that support work/life balance.
- Total Rewards program including a competitive base salary, short term incentives, long-term incentives, paid holidays, 401(k) plan, vacation/sick time and medical/dental/vision insurance that begins the 1st of the month following your hire date.
- We play our part to make a difference. The HOPE League, Frontier Airlines’ non-profit organization, is dedicated to providing employees financial assistance during catastrophic hardship.
Who We Are
Frontier Airlines is a leading ultra-low cost carrier headquartered in Denver, Colorado. With a mission to deliver Low Fares Done Right, the company provides affordable, convenient and accessible air travel throughout the U.S., Caribbean, Mexico and Latin America. Frontier’s highly fuel-efficient, all-Airbus fleet is among the youngest and most modern of any carrier within the U.S. That, combined with the airline’s many weight-saving initiatives and focus on operational efficiencies, makes Frontier America’s Greenest Airline.* Each Frontier Airlines plane tail features a special animal with a unique name and backstory. Many of the featured species are endangered or threatened, part of the airline’s commitment to underscore and raise awareness for their plight. Frontier serves approximately 100 destinations throughout North America and operates 500-plus daily flights, on average. The airline employs more than 7,000 team members and has crew bases in more than a dozen U.S. cities. Frontier Airlines., Inc., is a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC).
* Frontier is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed.
What Will You Be Doing?
The treasury department is a high exposure component of the corporate finance area of the company that manages a variety of important responsibilities that are impactful.
The Sr. Manager Treasury - Fuel role is an integral part of the department that is responsible to develop and manage treasury strategies, operations and policies related to fuel operations. In addition, various ad hoc forecasting and financial analysis projects are frequently required by senior management.
Additionally, the Sr. Manager Treasury - Fuel will lead the corporate fuel team and staff members.
Essential Functions
- The Sr. Manager Treasury – Fuel will be responsible for the Sourcing, Contracting, Monitoring, Risk Management and Operational requirements of the airlines fuel requirements.
Sourcing
- Develops, executes, and communicates a comprehensive strategic and operational global sourcing strategy for the company’s fuel supply and the fuel supply of other companies within the Indigo portfolio in support of immediate, short, and long term financial and operational goals while maintaining continuity of supply, and preparing for expansion.
- Creates a high performing supply base by developing existing business partners or cultivating new partnerships.
Contracting
- Negotiate annual fuel supply agreements and terms pertaining to managing the company’s annual fuel requirements worldwide.
- Negotiate In-To-Plane agreements with relevant vendors ensuring appropriate contractual terms and conditions covering the delivery of fuel at all Frontier stations.
Monitoring
- Develop and manage the fuel budget and communicate fluctuations to the finance department.
- Develop, enforce, and negotiate operational key performance indicators (KPIs) within company agreements.
- Provides timely periodic fuel supply and cost reports to senior management, operations, and finance.
- Manage and evaluate the company’s fuel consortium memberships, including attending periodic consortium meetings where position will act as a voting representative pursing the company’s interests while liaising with competitor airline representatives.
- Identifies supply chain initiatives to improve working capital management.
- Support the quality assurance department with enforcing company standards and government regulation.
- Contribute to the ongoing cash forecasting responsibility of the treasury department.
- Develop and contribute to various ad hoc forecasting and financial analysis projects that are frequently required by senior management.
- Develop and manage the company’s energy risk management strategies, including managing relationships with trading desks, execution of trades and providing frequent reports and analysis to Senior Management.
- Prepare analysis and research presentations for distribution to senior management and Board of Director personnel for the energy markets which interpret economic, geopolitical, and market conditions, noting potential impacts on the company’s underlying exposures.
- Negotiate International Swap and Derivatives Association (ISDA) agreements and Credit Support Annex’s (CSA’s) with strategic banking relationships to ensure ability to trade with adequate capacity using energy market options and energy market swap.
Operational Requirements
Manage and actively enhance the company’s fuel operations, including:
- Ongoing logistics,
- Demand and supply rebalancing,
- Fuel supply crisis management events.
- Ensure the company maintains the appropriate fuel supply and purchase licenses for each state the company does business.
Other Functions and Responsibilities
- Become a business partner; develop a detailed knowledge of the business.
- Represent the company within the stated areas of responsibility in coordination with the other Indigo Partners network of portfolio companies by leading joint purchasing projects as required. As a liaison in this capacity, the position will act as a consultant with its counterparties at the other portfolio companies to ensure the best overall economic outcome for the participating group.
- Prepare Board of Director presentation decks for areas of responsibility.
- Provide support to the accounting team for treasury related items, report on the fair market value of the company’s fuel derivative instruments.
- Attend various industry related conferences.
- Support cross departmental business intelligence initiatives/ task forces as a representative.
- Align team goals with broader organizational goals of Low Fares Done Right and the Ultra Low Cost Carrier Model.
General Team Management
The Sr. Manager Treasury – Fuel will be responsible for building a high performing Fuel team. In so doing, the Sr. Manager will:
- Act as mentor to supervise and guide Treasury staff including overall direction and coordination of the group as well as the evaluation of the team’s responsibilities. Assist with interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
- Initiate new and creative approaches to streamline treasury processes, and reduce cost while ensuring adequate controls are in place.
- Assist with drafting treasury policies and procedures. Investigate and leverage treasury synergies within other business units/areas to improve processes and reduce cost.
- Assess the products, services, technologies, and systems that are available and appropriate for Treasury Fuel department.
- Collaborate with BI/Data Engineer teams and drive the collection of new data and the refinement of existing data sources to continually improve data quality.
- Support the treasury team’s business continuity and disaster recovery plan.
- Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies.
Qualifications
- Bachelor’s degree in finance or business.
- 7 to 10 years of experience performing treasury/financial functions.
Knowledge, Skills and Abilities
- Advanced proficiency in Microsoft Word, PowerPoint and Excel.
- Strong project development and management skills, with the ability to prioritize tasks.
- Excellent verbal written and analytical skills.
- Ability to work independently and meet deadlines.
- Ability to communicate in a positive and effective manner with subordinates, peers and all levels of management.
- Ability to work with confidential material.
- Experience with and understanding of advanced analytical techniques specifically utilizing scientific computation software such as Python (data science).
- Proven experience managing, motivating and developing a professional team.
- Extensive knowledge of the airline fueling supply chain and procurement process.
- Extensive knowledge of assessing and recommending creative and time-sensitive solutions.
- Strong influence and negotiating skills.
- Knowledge and experience with SOX controls and processes.
Equipment Operated
Standard office equipment, including PC, copier, fax machine, printer.
Physical Effort
Generally, not required.
Supervision Received
General Direction: The incumbent normally receives little instruction on day-to-day work and receives general instructions on new assignments.
Positions Supervised
Treasury Analyst II, Sr. Treasury Analyst.
Salary Range
$110,114 - $146,157.
Please note: this posting has a closing date of 9/23/2024, midnight MST.
Disclaimer: The above statements are intended only to describe the general nature and level of work required of the referenced position; they are not intended to be an exhaustive list of all responsibilities, duties, and skills required of individuals in this position. Please be advised that duties and expectations of this position may be subject to change.
Frontier Airlines, Inc. is an equal opportunity employer and, as such, is committed to providing equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, national origin, age, marital status, veteran status, sexual orientation, gender identity or expression, disability status, pregnancy, genetic information, citizenship status or any other basis protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Frontier Airlines is a Zero Tolerance Drug-Free Workplace. All prospective employees are subject to pre-employment testing for the following drugs and their metabolites: Marijuana, Cocaine, Amphetamines, Opioids and Phencyclidine (PCP). Further, any applicant who is found to have tested positive on any required drug or alcohol test at a former employer will be considered ineligible for employment with Frontier.
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