Manager Fuel and Market Risk

jetBlue Airways •

Long Island City, New York, United States

Position Type: Permanent

Job Description:

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

Job Requirements:

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

Equipment:

Computer and other office equipment

Work Environment:

Traditional office environment

Physical Effort:

Generally not required, or up to 10 pounds occasionally, 0 pounds frequently. (Sedentary)

Compensation:

The base pay range for this position is between $81,000.00 and $136,200.00 per year. Base pay is one component of JetBlue’s total compensation package, which may also include performance bonuses, restricted stock units, as well as access to healthcare benefits, a 401(k) plan and company match, crewmember stock purchase plan, short-term and long-term disability coverage, basic life insurance, free space available travel on JetBlue, and more.

#LI-LL1 #LI-Hybrid

Job Ident #: 55512

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Manager Fuel and Market Risk

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