Senior Manager - Treasury Operations

$110,114 - $146,157/Yr

Frontier Airlines - Denver, CO

Full-time - Mid Level

Denver, CO

501-1,000 employees

Air Transportation

About the position

The Senior Manager - Treasury Operations at Frontier Airlines plays a crucial role in the treasury department, which is a high-exposure component of the corporate finance area. This position is responsible for developing and managing treasury strategies, operations, and policies related to treasury operations, cash and investment management, and general corporate finance. The Senior Manager will oversee all cash functions, ensuring adequate liquidity for working capital needs and managing the company’s investment portfolio in accordance with the investment policy. This role also involves implementing new global banking technologies and managing relationships with banking institutions to negotiate fees and improve cash cycles. In addition to treasury operations, the Senior Manager will execute and manage foreign exchange (FX) risk management strategies, maintain an in-depth knowledge of debt agreements, and manage key relationships with investment and commercial banks. The position requires a strong focus on compliance with internal controls and policies, as well as the development of treasury operational policies. The Senior Manager will also contribute to cash forecasting responsibilities and various ad hoc financial analysis projects required by senior management. As a leader, the Senior Manager will mentor and supervise Treasury staff, assist with hiring and training, and initiate new approaches to streamline treasury processes. This role requires collaboration with other business units to improve processes and reduce costs, as well as preparing presentations for the Board of Directors. The Senior Manager will also support the treasury team’s business continuity and disaster recovery plans, ensuring compliance with all relevant policies and procedures.

Responsibilities

• Oversee the management of all cash functions, including cash concentration, wires, and account funding.
• Ensure adequate liquidity for working capital needs and invest short-term excess cash.
• Manage the company’s investment portfolio in accordance with the investment policy.
• Oversee cash management banking and financial institution relationships, including negotiating bank and service fees.
• Implement new global banking technologies, products, and services to improve cash cycle and simplify operations.
• Design, prepare, and automate daily cash forecasts and reconcile them to longer-term forecasts.
• Monitor and maintain debt compliance and ensure compliance with internal controls, policies, and procedures.
• Execute and manage FX risk management strategies, including managing relationships with trading desks and providing reports to Senior Management.
• Maintain knowledge of all debt agreements and negotiate various forms of collateral, surety bonds, and letters of credit.
• Manage key relationships with investment banks, commercial banks, or other lending partners.
• Contribute to ongoing cash forecasting responsibilities and develop ad hoc financial analysis projects.
• Act as a mentor to Treasury staff, assisting with hiring, training, and performance management.
• Initiate new approaches to streamline treasury processes and reduce costs while ensuring adequate controls are in place.
• Prepare Board of Director presentation decks for areas of responsibility.
• Support the accounting team for treasury-related items and report on the fair market value of the company’s debt and derivative instruments.

Requirements

• Bachelor's degree in finance or business.
• 8+ years of experience performing treasury functions.
• Previous airline experience preferred.
• Advanced proficiency in Microsoft Word, PowerPoint, and Excel.
• Excellent verbal, written, and analytical skills.
• Ability to work independently and meet deadlines.
• Ability to communicate effectively with all levels of management.
• Experience with advanced analytical techniques, specifically using scientific computation software such as Python.
• Knowledge of SOX controls and processes.

Nice-to-haves

• Experience in a corporate finance environment.
• Familiarity with cash management banking technologies.
• Strong influence and negotiating skills.

Benefits

• Flight benefits for employees and their families.
• Buddy passes for friends.
• Discounts on hotels, car rentals, cruises, and vacation packages.
• Discounts on cell phone plans, movie tickets, and restaurants.
• Business casual work environment.
• Flexible work schedules for work/life balance.
• Competitive base salary and total rewards program including short-term and long-term incentives, paid holidays, and medical/dental/vision insurance.