Manager - Debt & Capital Markets

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. 

Work Perks 

 At Frontier, we like to think we’re creating something very special for our team members.  Work is why we’re here, but the perks are nice too: 

• Flight benefits for you and your family to fly on Frontier Airlines.
• Buddy passes for your friends so they can experience what makes us so great.
• Discounts throughout the travel industry on hotels, car rentals, cruises and vacation packages.
• Discounts on cell phone plans, movie tickets, restaurants, luggage and over 2,000 other vendors.
• Enjoy a ‘Dress for your Day’ business casual environment.
• Flexible work schedules that support work/life balance.
• Total Rewards program including a competitive base salary, short term incentives, long-term incentives, paid holidays, 401(k) plan, vacation/sick time and medical/dental/vision insurance that begins the 1^st of the month following your hire date.
• We play our part to make a difference. The HOPE League, Frontier Airlines’ non-profit organization, is dedicated to providing employees financial assistance during catastrophic hardship.

Who We Are  

Frontier Airlines is a leading ultra-low cost carrier headquartered in Denver, Colorado. With a mission to deliver Low Fares Done Right, the company provides affordable, convenient and accessible air travel throughout the U.S., Caribbean, Mexico and Latin America. Frontier’s highly fuel-efficient, all-Airbus fleet is among the youngest and most modern of any carrier within the U.S. That, combined with the airline’s many weight-saving initiatives and focus on operational efficiencies, makes Frontier America’s Greenest Airline.* Each Frontier Airlines plane tail features a special animal with a unique name and backstory. Many of the featured species are endangered or threatened, part of the airline’s commitment to underscore and raise awareness for their plight. Frontier serves approximately 100 destinations throughout North America and operates 500-plus daily flights, on average. The airline employs more than 7,000 team members and has crew bases in more than a dozen U.S. cities. Frontier Airlines., Inc., is a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC).   

* Frontier is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed. 

What Will You Be Doing?

The Manager, Debt & Capital Markets plays a pivotal role within the Treasury team, overseeing the company’s debt portfolio, capital structure strategy, and key financial relationships. This position is responsible for managing all aspects of debt financing, capital markets activity, and financial risk mitigation, while also leading strategic initiatives that support the company’s long-term financial health.

This role will serve as the primary liaison with lenders, rating agencies, and capital markets participants, ensuring optimal financing terms, covenant compliance, and alignment with corporate objectives. The manager will also lead debt modeling, scenario analysis, capital planning, and execution of both public and private financing transactions, while supporting broader treasury and corporate finance initiatives.

Essential Functions

• Debt & Capital Markets Strategy (50%)
  • Lead the development and execution of the company’s debt and capital markets strategy, including public and private debt issuance, revolving credit facilities, term loans, and structured finance.
  • Manage the full lifecycle of existing debt instruments, including term loans, revolving credit facilities, private placements, and other financing vehicles.
  • Maintain and strengthen relationships with banks, institutional lenders, and rating agencies.
  • Monitor and ensure compliance with all debt covenants and reporting requirements.
  • Evaluate and recommend financing structures to optimize cost of capital and liquidity.
  • Support investor relations and executive leadership with capital markets insights and materials. 
• Strategic Financial Planning & Analysis (30%)
  • Lead capital planning and forecasting processes, including debt service and liquidity modeling.
  • Conduct scenario analysis and stress testing to support strategic decision-making.
  • Partner with FP&A and accounting teams to align treasury forecasts with broader financial plans. 

• Leadership & Stakeholder Engagement (15%)
  • Manage cross-functional initiatives and collaborate with internal stakeholders across finance, legal, and operations.
  • Present financial insights and recommendations to senior leadership.
  • Mentor junior team members and contribute to a high-performing treasury culture.

• Risk Management & Market Analysis (5%)
  • Collaborate with legal and operations to assess and manage financial exposure.
  • Monitor macroeconomic and interest rate trends to inform hedging and risk strategies.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or related field; MBA or CFA preferred.
• 5+ years of experience in treasury, corporate finance, or capital markets, or equivalent experience.
• Demonstrated experience managing debt portfolios and executing financing transactions.
• Strong understanding of financial instruments, capital markets, and risk management frameworks.

Knowledge, Skills and Abilities

• Advanced financial modeling and analytical skills (Excel, Power BI; Python a plus).
• Deep knowledge of debt instruments, covenant structures, and capital markets dynamics.
• Excellent communication and relationship management skills, especially with external financial partners.
• Proven ability to lead projects and influence cross-functional teams.
• Strong business acumen and strategic thinking.

Equipment Operated

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

Work Environment

Typical office environment, adequately heated and cooled

Hybrid (4 days in office, 1 day remote)
Standard office environment

Physical Effort

Choose an item

Supervision Received

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

Positions Supervised

DCM Analyst and interns

Salary Range: $100,104 - $132,870. Please note: this posting has a closing date of 1/30/2026, midnight MT.

Workplace Policies

Disclaimer: The above statements are intended only to describe the general nature and level of work required of the referenced position; they are not intended to be an exhaustive list of all responsibilities, duties, and skills required of individuals in this position. Please be advised that duties and expectations of this position may be subject to change.

Frontier Airlines, Inc. is an equal opportunity employer and, as such, is committed to providing equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, national origin, age, marital status, veteran status, sexual orientation, gender identity or expression, disability status, pregnancy, genetic information, citizenship status or any other basis protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Frontier Airlines is a Zero Tolerance Drug-Free Workplace. All prospective DOT safety-sensitive employees are subject to pre-employment testing for the following drugs and their metabolites: Marijuana, Cocaine, Amphetamines, Opioids and Phencyclidine (PCP). Further, any DOT safety-sensitive job applicant who is found to have tested positive on any required drug or alcohol test at a former employer will be considered ineligible for employment with Frontier.

Colorado Residents: In any materials you submit, you may redact or remove age-identifying information such as age, date of birth, or dates of school attendance or graduation. You will not be penalized for redacting or removing this information.