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 - its 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 - were 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 were creating something very special for our team members. Work is why were 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. Frontiers highly fuel-efficient, all-Airbus fleet is among the youngest and most modern of any carrier within the U.S. That, combined with the airlines many weight-saving initiatives and focus on operational efficiencies, makes Frontier Americas 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 airlines 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 operations 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.
The treasury 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, as required by senior leadership. Additionally, the treasury manager will lead the corporate treasury team and staff members.
Essential Functions
Cash Management and Treasury Ops
- Oversee the management of all cash functions, both domestic and international, including cash concentration, payments, wires, account funding. Ensure adequate liquidity for working capital needs and invest short-term excess cash.
- Manage and apply the companys investment policy
- Oversee cash management banking and financial institution relationships, including credit card companies. Negotiate bank and service fees. Implement new bank technologies, products and services to improve cash cycle and simplify company operations.
- Responsible for the design and preparation of daily cash forecast and reconciliation to longer-term forecasts.
- Monitor and maintain debt compliance
Risk Management
- 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 companys various forms of collateral, surety bonds, letters of credit, cash, or assets.
- Manage key relationships with investment banks, commercial banks, or other lending partners.
- Develop and manage the interest rate forecast inclusive of expected interest rate expense and communicate fluctuations to the finance department
General Team Management
- 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
- Become a business partner; develop a detailed knowledge of the business
- Act as mentor to supervise and guide Treasury staff. 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
- 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
- Assesses the products, services, technologies, and systems that are available and appropriate for Treasury 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 teams business continuity and disaster recovery plan
- Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies
Other Functions
General Team Management
- 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
Qualifications
- Bachelors degree in finance or business
- 5 plus years of experience performing treasury functions
- Previous airline experience preferred
Knowledge, Skills and Abilities
- Advanced proficiency in Microsoft Word, PowerPoint and Excel
- 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)
- 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
Work Environment
Typical office environment, adequately heated and cooled
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, I, II, Senior
Salary Range
$90,094 - $119,583
Please note: this posting will close on or before 12/2/24
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.
