Manager - Risk & Insurance

Manager - Risk & Insurance

Why Work for Frontier Airlines?

At Frontier, we believe the skies should be for everyone. We deliver on this promise through our commitment to Low Fares Done Right. This is more than our tagline - it's our driving philosophy. Every member of Team Frontier has an important role to play in bringing this vision to life. Our successful business model allows travelers to take advantage of our fast-growing route network while our bundled and unbundled pricing options allow our customers to personalize their travel experience and only pay for the services they need saving them money along the way.

What We Stand For

Low Fares Done Right is our mission and we strive to bring it to life every day. Our 'Done Right' promise means delivering not only affordable prices, but making travel friendly and easy for our customers. To do this, we put a great deal of care into every decision and action we take. We must be efficient with the use of our resources and make smart decisions about how we run our business. We must also innovate and be pioneers - we're not afraid to try new things. While our business requires us to fly high in the air, we also consider ourselves down-to-earth in our approach, creating a warm and friendly experience that truly demonstrates Rocky Mountain Hospitality.

What Will You Be Doing?

The Risk Manager is a key member of Frontier's Treasury organization, overseeing the company's insurance program strategy, annual renewals, damage and liability claims, insurance coverage analysis, and management of all risk related financial instruments including letters of credit, surety bonds, and guarantees.

This is a role best suited for an experienced insurance or risk professional from an insurance broker, carrier, or corporate risk team. The Risk Manager partners with senior leaders across Operations, Finance, and Legal to safeguard Frontier's assets, improve financial resilience, and ensure the airline maintains a best in class risk posture.

Essential Functions

Risk Management

• Lead the annual renewal of all insurance programs, partnering with brokers when appropriate (aviation hull & liability, property, cyber, D&O/, workers' compensation, auto, etc.), including underwriting submissions, pricing negotiations, and program structure optimization.
• Serve as the primary relationship manager for brokers, underwriters, and claims adjusters; drive accountability for service, responsiveness, and technical support.
• Conduct in?depth insurance coverage reviews to ensure alignment with Frontier's risk tolerance, industry standards, and regulatory requirements.
• Oversee the complete damage and liability claims lifecycle, including intake, investigation coordination, documentation, carrier engagement, and recovery of claim proceeds.
• Partner with Operations, HR, Safety, and Legal to strengthen incident reporting quality, improve loss control practices, and reduce claim severity and frequency.
• Monitor insurance market conditions, rate trends, litigation developments, and emerging risks impacting Frontier's cost structure or exposures.

Financial Instruments & Guarantees

• Manage all letters of credit, surety bonds, and other financial assurance instruments required by airport authorities, regulators, vendors, and contractual partners.
• Lead all related renewals, amendments, collateral reviews, and reductions, working closely with banking partners and internal teams.
• Maintain annual forecasts and reporting on LOC/bond utilization, recommending strategies to optimize liquidity and minimize cost.

General Team Management

• Provide subject?matter expertise on insurance, risk transfer, claims, indemnification, and contract language to internal stakeholders.
• Review vendor contracts to ensure insurance requirements and liability provisions appropriately protect Frontier.
• Support crisis response and incident escalation for major operational events requiring rapid claims or insurance involvement.
• Prepare materials for senior leadership, Board presentations, audits, and regulatory requests related to risk and insurance.
• Lead continuous improvement initiatives to enhance data quality, reporting accuracy, process efficiency, and risk transparency.
• Partner with Business Intelligence and Data Engineering teams to enhance data infrastructure, source quality, and analytical capabilities.

Other Functions

• Attend various industry related conferences.
• Support cross departmental business intelligence initiatives/ task forces as a representative
• Align team goals with broader organizational goals of Low Fares Done Right and the Ultra Low Cost Carrier Model

Qualifications

• Bachelor's degree or advanced degree in finance or business
• 3-5 plus years of experience in insurance or risk management related role
• Prior supervisory experience preferred
• Previous airline experience preferred

Knowledge, Skills and Abilities

• Advanced proficiency in Microsoft Word, PowerPoint and Excel
• Excellent verbal written and analytical skills
• Ability to work independently and meet deadlines
• Ability to communicate in a positive and effective manner with subordinates, peers and all levels of management
• Ability to work with confidential material
• Experience with and understanding of advanced analytical techniques specifically utilizing scientific computation software such as python (data science) and reporting tools such as PowerBI
• Knowledge of assessing and recommending creative and time-sensitive solutions
• Strong influence and negotiating skills

Equipment Operated

Standard office equipment, including PC, copier, fax machine, printer

Work Environment

Typical office environment (4 days in office/week), adequately heated and cooled.

Physical Effort

Generally, not required.

Supervision Received

General Direction: The incumbent normally receives little instruction on day-to-day work and receives general instructions on new assignments.

Positions Supervised

Treasury Analyst, I, II, Senior

Salary Range - $100,104 - $132,870