JetBlue Airways

Senior Analyst Fuel and Market Risk

Posted on: 18 Jan 2021

Long Island City, NY

Job Description

Position Summary:

The Senior Analyst, Fuel & Market Risk is responsible for various aspects of JetBlues physical fuel procurement and management. The Fuel & Market Risk team oversees one of JetBlues largest operating expenses, ensuring efficacy, cost competitiveness, and continuous process improvement of the fuel life cycle. Additionally, the team is responsible for the design and execution of the airlines hedge programs.

Essential Responsibilities:

* Negotiate and execute annual jet fuel supply contracts for all JetBlue locations
* Project manage multiple fuel digital transformation initiatives including coordination with business partners and network rollout
* Manage the fuel invoice reconciliation process to ensure the accuracy of all fuel related expenses
* Assist in the strategy and execution of our Sustainable Aviation Fuel (SAF) agenda
* Drive value by representing JetBlue at industry fuel consortia/committee meetings and with industry trade associations (IATA, A4A)
* Actively identify, analyze and drive cost savings opportunities from the well to the wing of our aircraft
* Collaborate with fuel service providers and the JetBlue operations teams to ensure physical fuel supply 24x7 securing our ability to fly
* Actively seek to enhance, and deliver forward monthly fuel consumption forecasts to our suppliers for each JetBlue destination
* Optimize working capital by analyzing payment terms and physical fuel inventory management
* Proactively monitor the oil market and present risk mitigation strategies
* Ensure internal audit compliance for both physical fuel and risk mitigating hedge programs
* Complete project/analysis requests; regularly partner with internal and external parties
* Other duties as assigned

Minimum Experience and Qualifications:

* Bachelors Degree in Business Administration, Accounting, or Finance or related field
* Three (3) years of Fuel, Finance, Supply Chain or related experience
* Proficient in Microsoft Office suite; Advanced Excel and PowerPoint skills
* Demonstrate analytical capabilities, communication skills, and knowledge of fuel supply concepts through a work sample
* A self-starter with the ability to prioritize assignments
* Excellent written and verbal communication including ability to interact with executive leadership
* Available for overnight travel (10%)
* Currently in possession of a valid Passport with the ability to travel in and out of the USA
* Able to pass a ten (10) year background check and pre-employment drug test
* Legally eligible to work in the country in which the position is located

Preferred Experience and Qualifications:

* MBA and or CPA
* Proven ability to deliver savings and value through negotiation and financial analysis
* Previous airline or fuel experience
* Experience with Bloomberg terminal, MarketView software

Crewmember Expectations:

* Regular attendance and punctuality
* Potential need to work flexible hours and be available to respond on short-notice
* Well-groomed and 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
* Promote JetBlues 1 value of safety as a Safety Ambassador, supporting JetBlues 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 JetBlues confidential reporting systems (Aviation Safety Action Program (ASAP) or Safety Action Report(SAR))

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)

JetBlue Airways

Long Island City, NY

JetBlue Airways Corporation, stylized as jetBlue, is a major American airline low cost passenger carrier, and the sixth largest in the United States by passengers carried. JetBlue Airways is headquartered in the Long Island City neighborhood of the New York City borough of Queens, with its main base at John F. Kennedy International Airport. It also maintains corporate offices in Cottonwood Heights, Utah and Orlando, Florida.

As of 2018 it ranked No. 402 financially on the Fortune 500 list of the largest United States corporations by total revenue. jetBlue operates over 1,000 flights daily and serves 102 domestic and international network destinations in the U.S., Mexico, the Caribbean, Central America and South America. JetBlue is not a member of any of the three major airline alliances, but it has codeshare agreements with 21 airlines, including member airlines of Oneworld, SkyTeam, Star Alliance, and unaffiliated airlines.