Frontier Group Holdings
Sr Manager - Treasury & Fuel Operations
Frontier Group Holdings, Denver, Colorado, United States, 80202
Sr Manager - Treasury & Fuel Operations
Job Category: Finance Requisition Number: SRMAN004970 Location: Denver, CO 80239, USA Job Details
Description
Why Work for Frontier Airlines? 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. Work Perks 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 Treasury and Fuel Operations Senior Manager role is an integral part of the department that is responsible to develop and manage treasury strategies, operations and policies related to treasury operations, cash and investment management, and general corporate finance. In addition, various ad hoc forecasting and financial analysis projects are frequently required by senior management. Additionally, this person will responsible to develop and manage treasury strategies, operations and policies related to fuel operations. The treasury operations senior manager will also be expected to be competent and capable of developing and managing treasury strategies, operations and policies related to other areas of the treasury team, but specifically treasury cash management and fuel, as required by senior leadership. Additionally, the treasury senior manager will lead the corporate treasury and fuel teams and staff members. Essential Functions Treasury Operations Oversee the management of all cash functions, both domestic and international, including cash concentration, wires, account funding. Ensure adequate liquidity for working capital needs and invest short-term excess cash. Responsibility over the company's investment portfolio, including application of the company's investment policy Oversee cash management banking and financial institution relationships, including credit card companies. Negotiate bank and service fees. Implement new global banking technologies, products and services to improve cash cycle and simplify company operations. Responsible for the design, preparation and automation of daily cash forecast and reconciliation to longer-term forecasts. Monitor and maintain debt compliance Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies. Corporate Risk Execute and manage against the FX risk management strategies, including managing relationships with trading desks, execution of trades and providing frequent reports and analysis to Senior Management Corporate Finance Maintain an in-depth knowledge of all debt agreements, including the covenants, including forecasting of covenants Negotiate and execute the company's various forms of collateral, surety bonds, letters of credit, cash, or assets. Manage key relationships with investment banks, commercial banks, or other lending partners. Fuel Management 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. Risk 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
Job Category: Finance Requisition Number: SRMAN004970 Location: Denver, CO 80239, USA Job Details
Description
Why Work for Frontier Airlines? 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. Work Perks 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 Treasury and Fuel Operations Senior Manager role is an integral part of the department that is responsible to develop and manage treasury strategies, operations and policies related to treasury operations, cash and investment management, and general corporate finance. In addition, various ad hoc forecasting and financial analysis projects are frequently required by senior management. Additionally, this person will responsible to develop and manage treasury strategies, operations and policies related to fuel operations. The treasury operations senior manager will also be expected to be competent and capable of developing and managing treasury strategies, operations and policies related to other areas of the treasury team, but specifically treasury cash management and fuel, as required by senior leadership. Additionally, the treasury senior manager will lead the corporate treasury and fuel teams and staff members. Essential Functions Treasury Operations Oversee the management of all cash functions, both domestic and international, including cash concentration, wires, account funding. Ensure adequate liquidity for working capital needs and invest short-term excess cash. Responsibility over the company's investment portfolio, including application of the company's investment policy Oversee cash management banking and financial institution relationships, including credit card companies. Negotiate bank and service fees. Implement new global banking technologies, products and services to improve cash cycle and simplify company operations. Responsible for the design, preparation and automation of daily cash forecast and reconciliation to longer-term forecasts. Monitor and maintain debt compliance Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies. Corporate Risk Execute and manage against the FX risk management strategies, including managing relationships with trading desks, execution of trades and providing frequent reports and analysis to Senior Management Corporate Finance Maintain an in-depth knowledge of all debt agreements, including the covenants, including forecasting of covenants Negotiate and execute the company's various forms of collateral, surety bonds, letters of credit, cash, or assets. Manage key relationships with investment banks, commercial banks, or other lending partners. Fuel Management 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. Risk 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