Pricing & Allocation Director

Marathon Petroleum Company LP; Findlay (OH); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Health insurance

Vision

Dental insurance

Paid time off

401k matching

Paid parental leave

Educational reimbursement

Discretionary bonus

Job summary

Marathon Petroleum Company LP in Findlay, Ohio, is seeking a seasoned Pricing & Allocation Director to lead light products rack pricing and allocation across marketing regions. You will develop integrated pricing strategies, coach the Pricing team, and ensure compliant governance of allocation processes while optimizing margin capture.

You will collaborate with senior leaders across the value chain to align pricing policy with commercial strategy, respond to market dynamics, and drive system

Qualifications

• Bachelor's degree in Business, Finance, Marketing, Economics, Accounting, Engineering, or related discipline required.
• Twelve (12) years of industry or related experience (i.e., supply, trading, optimization, or marketing) required.

Responsibilities

• Provides leadership to the Pricing team and is accountable for performance and results across multiple trading-basis markets.
• Develops, integrates, and executes pricing strategies, annual plans, and priorities that ensure market competitiveness and margin capture.
• Establishes direction and coaching to Pricing team members across four regions, revising forecasts as needed.
• Directs allocation governance and sets objectives for allocating rack sales across Brand, Wholesale and Fuel Source classes.
• Leads development and implementation of pricing and allocation system enhancements to address complex needs.
• Provides enterprise leadership on pricing and market intelligence to align with commercial strategy.
• Ensures compliance with laws, internal controls, and audit requirements.

Education

Bachelor's degree in Business, Finance, Marketing, Economics, Accounting, Engineering, or related discipline

Job description

An exciting career awaits you

At MPC, we're committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

POSITION SUMMARY:

The Pricing & Allocation Director provides enterprise leadership for light products rack pricing and allocation across multiple marketing regions and classes of trade. This role develops and executes integrated pricing strategies, leads and coaches the Pricing team, directs allocation governance and system enhancements, and applies market, supply, competitive, legal, and regulatory insights to optimize value-chain margin capture and achieve sales objectives. The Director partners with senior leaders and stakeholders across the value chain to align pricing policies and commercial strategy, communicate decisions in dynamic market conditions, and ensure compliance with applicable laws, internal controls, and audit requirements.

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KEY RESPONSIBILITIES:

• Provides leadership to the Pricing team and is accountable for performance and results across multiple trading-basis markets. Develops, integrates, and executes pricing strategies, annual plans, and priorities that ensure market competitiveness, optimize value, and achieve light product rack sales objectives across all classes of trade at owned, exchange, and throughput terminals. Covers a large geographic region and corresponding daily pricing decisions for Brand matrix pricing, as well as Wholesale pricing with supply, competitor and legal considerations.
• Establishes direction and provides leadership and coaching to Pricing team members, that span four marketing regions in evaluating and revising light product sales forecasts. Exercises significant judgment to capture economic opportunities for complex product slates in a substantial geographic region across daily, short-term, and long-term market dynamics.
• Directs the governance, maintenance, and use of allocation monitoring capabilities and has the authority to establish financial and operational objectives for allocating commodity rack sales across Brand, Wholesale and Fuel Source classes of trade when market conditions or corporate strategy warrant. Sets departmental priorities to execute allocation decisions effectively.
• Leads the development and implementation of pricing and allocation system and process enhancements to address complex operational needs, changing commodity markets, and evolving business requirements. Has direct accountability for setting and executing on Value Chain margin capture related to rack pricing.
• Provides enterprise leadership on pricing and market intelligence and contributes to the development of Commercial strategy. Builds alignment with internal and external stakeholders and ensures business units across the value chain understand how pricing policies, procedures, and operations affect business plans, decisions, and results.
• Develops and gains leadership support for evolving pricing strategies impacting multiple marketing regions. Is accountable for ongoing evaluation and reporting of pricing strategies to gain alignment and adherence. Regular interaction with senior leadership to explain daily pricing strategies in dynamic and volatile market conditions impacting most existing wholesale contracts.
• Leads the pricing response to state and federal legal or regulatory inquiries involving pricing data and policies, coordinating appropriate resources and stakeholders. Maintains accountability for ensuring MPC's light products pricing policies and procedures comply with applicable laws, regulations, internal controls, and audit requirements.

MINIMUM QUALIFICATIONS:

• Bachelor's degree in Business, Finance, Marketing, Economics, Accounting, Engineering, or related discipline required.
• Twelve (12) years of industry or related experience (i.e., supply, trading, optimization, or marketing) required.

As an energy industry leader, our career opportunities fuel personal and professional growth.

Location:

Findlay, Ohio

Job Requisition ID:

00024307

Location Address:

539 S Main St

Employee Group:

Full time

Employee Subgroup:

Regular

Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant.

If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at [e-mail] . Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation.

• access to health
• vision
• dental insurance
• paid time off
• 401k matching program
• paid parental leave
• and educational reimbursement
• The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.

Equal Opportunity Employer: Veteran / Disability

We will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.