Marathon Petroleum

Director of Economics

Marathon Petroleum$150K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Economics, Energy Economics, Applied Economics, or a comparable program (Ph.D. preferred)
  • 10+ years of experience applying data insights in a fast-paced environment
  • Demonstrated leadership and mentoring capabilities in a high-performing team setting
  • Strong understanding of econometric theory and the energy industry
  • Proven ability to communicate complex economic concepts clearly to diverse audiences.

Responsibilities

  • Manage and lead a team of high-performing economists
  • Oversee corporate industry and macroeconomic forecast development and communication
  • Provide market data and analytical assessments for strategic business decisions
  • Collaborate with cross-functional organizations on alignment of corporate views on energy markets
  • Evaluate and recommend improvements to economic models for better forecasting
  • Coordinate corporate scenario planning, including risk identification and sensitivity analysis
  • Maintain efficient working patterns through process documentation and internal enhancements

Benefits

  • Flexibility to work from either Findlay, OH or Houston, TX
  • Opportunities for professional development and continuous learning
  • Engagement with executive leadership and strategic decision-making processes
  • Involvement in high-impact projects that shape corporate strategy and market positioning
  • Dynamic and fast-paced work environment within the energy sector
Full Job Description
Summary
Marathon Petroleum is looking for an economics director to join our team. The Economics team uses economic, petroleum and other energy data along with market fundamentals, economic and statistical modeling, and economic theory to provide original market insight and produce quantitative and qualitative short and long-term forecasts. The team communicates its insights, forecasts, and analysis to senior executives, business development, finance, commercial operations and other organizations to enhance strategic and tactical decision-making throughout the business.

This role reports to the Chief Economist and may be based out of Findlay, OH or Houston, TX.
Anticipated travel for this role is: 10% - 20%

Key Responsibilities

  • Manages and leads a team of high-performing economists.
  • Oversees the day-to-day development and communication of corporate industry and macroeconomic forecasts from the Economics team.
  • Provides market data, analytical assessment of current and future market dynamics, competitive activity assessments, optimization support and strategic counsel to business partners throughout the company.
  • Works with compliance, government affairs, refining, business development, and other organizations to align corporate views on energy markets, regulatory policy, and new projects for capital investment.
  • Evaluates statistically robust and scientifically rigorous economic models to forecast market demands, commodity prices, operational margins and other quantitative deliverables; recommends improvements to drive best practices.
  • Coordinates corporate scenario planning efforts including critical risk identification, sensitivity analysis, and scenario evaluations.
  • Strategically manages process documentation and internal efforts to enhance efficient working patterns.
  • Recruits, develops and maintains team of lead economists, senior economists and economists via commanding knowledge of econometric theory, cross-functional organization, the energy industry and refining processes.
  • Regularly engages with executive leadership team, other senior leaders, and external audiences on economic forecasts, industry analysis, market research and scenario planning.
  • Anticipates future business challenges and key questions from internal decision makers and executive leaders and designs and oversees solutions to proactively address them.
  • Researches and maintains commanding knowledge of the energy industry, including future trends, technologies and market shifts, to identify strategy opportunities and contribute to corporate leadership.


Education and Experience

  • Master's degree required in Economics, Energy Economics, Applied Economics, or comparable program (Ph.D. preferred).
  • Ten (10) or more years of experience in a fast-paced environment applying insights from data to real-world problems.


Skills

  • Authentic Communicator
  • Business Acumen
  • Communication
  • Continuous Learning
  • Critical Thinking
  • Data Analysis
  • Developing Partnerships
  • Innovation
  • Leadership & Mentoring
  • Process Efficiency Improvements
  • Results Driven
  • Self-Starter
  • Strategic Outlook
  • Strategic Planning


Location:
Findlay, Ohio

Additional locations:
Houston, Texas

Job Requisition ID:


Location Address:
539 S Main St

Education:
Masters (Required)

Employee Group:
Full time

Employee Subgroup:
Regular

About Marathon Petroleum

Marathon Petroleum Corporation (MPC) is in the business of creating value for their shareholders through the quality products and services they provide for their customers. They strongly believe how they conduct their business is just as integral to their bottom line. As a result, they strive to always act responsibly with those who work for them, with those business partners who work with them, and in every community where they operate.

Marathon Petroleum Careers

Joining Marathon Petroleum means becoming part of a leading global team in the energy sector, where job opportunities abound for those eager to advance their careers in a dynamic and inclusive environment. As one of the largest refining companies in the world, Marathon Petroleum is at the forefront of transforming the energy landscape.

Work You’ll Do

At Marathon Petroleum, your work will directly contribute to the company's ongoing success and leadership in the industry. You will collaborate with skilled professionals dedicated to innovation and excellence in all aspects of the energy sector. Our team's combined expertise fuels Marathon Petroleum's commitment to sustainable energy solutions and operational excellence.

Innovate and Lead

Step into a role that challenges and excites with Marathon Petroleum. Here, innovation isn't just a buzzword—it's a call to action. Our leadership is committed to fostering a culture where new ideas lead to groundbreaking solutions. This commitment to innovation and leadership is woven into every aspect of our business, from refining operations to environmental strategies.

Grow and Develop

Marathon Petroleum is deeply invested in the professional growth and development of its employees. We offer a variety of training and development programs, including leadership development, diversity training, and technical skills enhancement. Whether you're starting as an intern or a seasoned professional, you’ll find a pathway to personal and professional growth with us.

Be Part of Our Team

Our team at Marathon Petroleum is driven by a shared mission to excel. By joining us, you'll work alongside dedicated professionals who are passionate about their roles and the impact they have on the company and the industry. Our collaborative environment supports career advancement and fosters a culture of professional enrichment.

Diversity and Inclusion

At Marathon Petroleum, we believe diversity drives innovation. Our inclusive culture welcomes all perspectives and encourages a diverse workforce that reflects the communities we serve. We are committed to providing equal employment opportunities, ensuring that all team members have the resources they need to succeed.

Explore Job Opportunities

Marathon Petroleum offers a range of job opportunities across various functions of the business. From internships that provide real-world experience to full-time positions in engineering, business, and more, there’s a place for your skills and passions here.

Future-Proof Your Career

With Marathon Petroleum, you are not just finding a job; you are building a career equipped with the tools for success in the ever-evolving energy sector. Our robust benefits package supports your health, well-being, and financial security, allowing you to focus on professional development and career advancement.

Stay Connected

Join Our Team Discover the exciting career opportunities waiting for you at Marathon Petroleum. Search open positions that match your skills and interests. We are always on the lookout for curious, creative, and driven team members.

Keep Up to Date

Stay informed with the latest company news, industry insights, and career tips—all from the people who work here. Marathon Petroleum is more than a company—it's a community where you can grow, innovate, and lead.

Job Alert Emails

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Join Marathon Petroleum—where careers fuel futures.

Learn more about Marathon Petroleum
Size
17,700 employees
Market Cap
$53 billion
Industry
Net Income
-$9.8 billion
Founded
2005
5 Year Trend
+13.8%
Revenue
$74.9 billion
NASDAQ

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