Director of Economics

Marathon Petroleum Corporation•Findlay, OH

2d•Hybrid

About The Position

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%

Requirements

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.
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

Nice To Haves

Ph.D. preferred in Economics, Energy Economics, Applied Economics, or comparable program.

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.