Manager Loyalty Accounting
Position Summary
The Manager Loyalty Accounting is responsible for leading the accounting team to ensure JetBlues frequent flyer/loyalty program, TrueBlue, is reported accurately and on time. This responsibility includes managing several crewmembers and overseeing general ledger postings, reconciliations, forecasting, analysis of budget versus actual, as well as ensuring internal controls are properly maintained. The Manager also ensures successful implementation of all Loyalty Program initiatives, including process development, system testing and technical accounting research, etc.
Essential Responsibilities
- Manage the accounting for loyalty related programs, including revenue recognition, air traffic liability and related assets and liabilities
- Manage the accounting for the Loyalty subsidiary
- Manage the accounting of JetBlue’s Cobranded credit card agreement
- Perform various fair value, cost, breakage etc. analysis to ensure proper assumptions used in accounting
- Ensure the accurate and timely invoicing of loyalty partners
- Interpret and apply the rules of multiple element arrangement accounting
- Research, analyze and conclude on the proper accounting treatment of new revenue sources and initiatives
- Foster a team environment and collaborate with other internal departments and external business partner
- Perform budgets and forecasts for areas of responsibility
- Manage and ensure resources are adequate for an efficient operation
- Ensure compliance with internal controls; document and develop new procedures when required
- Prepare technical accounting memorandums
- Understand contract terms and translate them into the appropriate application of US Generally Accepted Accounting Principles (GAAP)
- Take a significant role in the development of crewmembers to support their engagement, growth, and goal achievement
- Other duties as assigned