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Title:  Manager Fuel and Market Risk


Long Island City, NY, US, 11101

Req ID:  21874
  • Position Summary 

    The Manager of Fuel and Market Risk will lead a team responsible for physical fuel management, procurement and hedging. Responsibilities include managing a team of analysts to support 24X7 supply, negotiation, execution and contract management, and representing the company on consortiums while optimizing the fuel logistics and procurement model to create value for the company. Also, the Manager will be responsible for the strategy and execution of JetBlue’s holistic hedging program (fuel, interest rate and currency) through a portfolio approach to reduce volatility and exposure. 

    Essential Responsibilities 

    • Manage and ensure 24X7 physical supply while collectively working and communicating with the company’s operations team  

    • Lead fuel digital transformation initiatives including coordination with business partners and network rollout 

    • 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 

    • Support strategy and execution of sustainable aviation fuel (SAF) initiatives 

    • 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 

    • 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  

    • Manage ad-hoc project requests and other duties as assigned 

    Minimum Experience and Qualifications 

    • Bachelor’s Degree in Business Administration, Finance or related field 

    • 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  

    • 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  

    • 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 and Fuel Management System (i.e. Fuel Plus) 

    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 

    • 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  


    • 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) 

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