Senior Manager - Treasury Operations

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 committed to offering Low Fares Done Right’ to more than 100 destinations and growing in the United States, Canada, Dominican Republic and Mexico on more than 350 daily flights.

Headquartered in Denver, Frontier’s hard-working aviation professionals pride themselves in delivering the company’s signature Low Fares Done Right service to customers.

Frontier Airlines is the proud recipient of the Federal Aviation Administration’s 2018 Diamond Award for maintenance excellence and was recently named the industry’s most fuel-efficient airline by The International Council on Clean Transportation (ICCT) as a result of superior technology and operational efficiencies.

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 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.

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, as required by senior leadership.

Additionally, the treasury senior manager will lead the corporate treasury team 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

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 across various teams. 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, report on the fair market value of the company’s debt and derivative instruments
• 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 team’s 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

• Bachelor’s degree in finance or business
• 8+ 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 Treasury Analyst

Salary Range

$110,114 - $146,157

Please note : this posting has a closing date of 7 / 19 / 2024, midnight MT.