Jetblue Airways Corp. Long Island City , NY 11101
Posted 3 weeks ago
Position Title: Manager Fuel and Market Risk
Position Summary
The Manager of Fuel and Market Risk will lead a team responsible for physical fuel procurement, fuel management and hedging. Responsibilities include managing a team of analysts to support 24x7 fuel supply, negotiation, execution and contract management, representing the company on airport fuel consortiums, and optimizing the fuel logistics and procurement model to create value for the company. The Manager will also be responsible for the strategy and execution of JetBlue's fuel hedging program as a risk management tool to mitigate volatility and exposure.
Essential Responsibilities
Manage and ensure 24x7 physical fuel supply while collectively working and communicating with the company's operations teams
Negotiate, execute and management of supply and into-plane contracts
Represent and actively participate on behalf of the company at fuel consortia and committee meetings as well as industry conferences
Responsible for usage forecasting, inventory management and tankering strategy
Oversee the administration of the fuel management system to ensure successful reconciliation
Manage and execute hedging program within the guidelines of the corporate policy
Explore, analyze and execute supply, facility and logistical cost savings opportunities
Lead fuel digital transformation initiatives including coordination with business partners and network rollout
Support strategy and execution of sustainable aviation fuel (SAF) sourcing initiatives
Build and maintain internal and external relationships at various levels of an organization in order to drive successful results
Ensure internal audit, contract service level agreement, covenant and Dodd Frank compliance
Deliver daily, monthly and quarterly reporting to various levels of management including the Board of Directors and Executive team
Perform technical and fundamental analysis and reporting on macro and micro global trends/events impacting jet fuel prices, supply and hedging strategies
Build, monitor and report on the company wide fuel budget and forecast
Take a significant role in the development of crewmembers to support their engagement, growth, and goal achievement
Manage ad-hoc project requests and other duties as assigned
Minimum Experience and Qualifications
Bachelor's Degree in Business Administration, Finance or related field; OR demonstrated capability to perform job responsibilities with the combination of a High School Diploma/GED and at least four (4) years of previous relevant work experience
Five (5) years of Aviation Fuel or Finance related experience
Proficient in Microsoft Office suite; Advanced Excel and PowerPoint skills
Strong analytical and presentation skills
Ability to manage multiple projects simultaneously
Excellent written and verbal communication including interactions with executive leadership
Available for occasional overnight travel (10%)
Must pass a pre-employment drug test
Must be legally eligible to work in the country in which the position is located
Authorization to work in the US is required. This position is not eligible for visa sponsorship
Preferred Experience and Qualifications
MBA (Master of Business Administration)
Working knowledge of fuel transportation & logistics
Extensive knowledge of market trends, key players in the market and regulatory issues
Knowledge of risk management tools and energy derivatives
Proven negotiation skills
Experience with Bloomberg, Marketview, and Fuel Management System (e.g. FuelPlus)
Crewmember Expectations:
Regular attendance and punctuality
Potential need to work flexible hours and be available to respond on short-notice
Able to maintain a professional appearance
When working or traveling on JetBlue flights, and if time permits, all capable Crewmembers are asked to assist with light cleaning of the aircraft
Must be an appropriate organizational fit for the JetBlue culture, that is, exhibit the JetBlue values of Safety, Caring, Integrity, Fun and Passion
Must fulfill safety accountabilities as prescribed by JetBlue's Safety Management System
Promote JetBlue's #1 value of safety as a Safety Ambassador, supporting JetBlue's Safety Management System (SMS) components, Safety Policy and behavioral standards
Identify safety and/or security concerns, issues, incidents or hazards that should be reported and report them whenever possible and by any means necessary including JetBlue's confidential reporting systems (Aviation Safety Action Program [ASAP] or Safety Action Report [SAR])
Responsible for adhering to all applicable laws, regulations (FAA, OSHA, DOT, etc.) and Company policies, procedures and risk controls
Uphold JetBlue's safety performance metric goals and understand how they relate to their duties and responsibilities
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JetBlue Airways is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
Jetblue Airways Corp.