Job Description

Location Name: Houston, TX
Job/Requisition ID: [[id]]
Location Address: 1201 Louisiana St, Houston, TX, United States (US), 77002
Education Level: Bachelor's Required
Relevant Experience Level: Entry Level (1-3 Years)
Employee Group: Regular - Full Time
Employee Subgroup: Salaried Exempt

POSITION SUMMARY:

* Marathon Petroleum Company is looking for an economist 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 insight into markets and produce short- and long-term forecasts. The team communicates their insights, forecasts, and analysis to senior executives, business development, finance, commercial operations and other organizations to enhance strategic and tactical processes throughout the business. This role will additionally support a growing biofuels and renewables business by monitoring regional policies and market-based prices for renewables and feedstocks and developing forecasts to support a holistic view of energy markets.

KEY RESPONSIBILITIES:

* Perform advanced statistical and econometric analyses of economic time series data
* Work with compliance, refining, and business development organizations to align views on renewable market policy, technical feasibility, and new projects
* Create the forward outlook for renewable fuels and communicate it to the business units
* Procure and manage complex datasets
* Lead and conduct economic research on issues of government policy, regulation, consumer behavior, industry trends, and technological development
* Develop and communicate insight and analyses of future risks and opportunities for the energy industry
* Write summaries of findings and create presentation materials for cross-collaboration with other business groups

EDUCATION AND EXPERIENCE:

* Bachelors degree is required. Major discipline in Economics, Engineering, or Finance preferred
* A Masters degree in Economics, Energy Economics, Applied Economics, or comparable program is preferred
* 2+ years of professional experience in consulting or analytical capacity is preferred

SKILLS:

* Proficiency with an open-source statistical programming language (e.g. R, Python, Julia, etc.)
* Experience retrieving and manipulating data in a relational database management system (e.g. SQL)
* Strong oral and written communication skills
* Strong interpersonal skills, particularly an ability to explain complex topics in a clear and concise manner
* Able to work independently and manage multiple projects simultaneously