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Vice President, Total Rewards
Marathon Petroleum Corporation. Provide leadership to the compensation and benefits team and serve as a key member of the human resources leadership team .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates extensive expertise in global compensation and benefits management, including the design and administration of Total Rewards programs, while ensuring legal compliance and fostering stakeholder relationships. Proven leadership in guiding teams and driving continuous improvement initiatives within human resources.
Highest-signal resume keywords
Global Compensation ManagementTotal Rewards Program DevelopmentExecutive Compensation StrategyLegal Compliance in HRStakeholder Relationship Management
ATS Keywords
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Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Compensation DesignBenefits AdministrationMarket Data BenchmarkingCompensation StructuresEquity AnalysisRetirement Plan ManagementHealth and Welfare BenefitsIncentive Plan ManagementHR Policy DevelopmentM&A Due Diligence
Soft Skills
LeadershipCollaborationCommunicationStrategic ThinkingContinuous Improvement
Industry Keywords
Total Rewards PhilosophyCompensation CommitteeBoard of DirectorsHR Shared Service EnvironmentEmployee Benefits Programs
About the role
Key responsibilities & impact- Provide leadership to the compensation and benefits team and serve as a key member of the human resources leadership team
- Lead a team of approximately 25 and report to the CHRO & SVP Communications
- Lead all aspects of global compensation, including design, policy, and administration of compensation and executive compensation programs
- Prepare documents and participate in Board of Director Compensation and Organization Development Committee meetings
- Oversee health, welfare, and retirement benefit plans
- Lead development, communication, and administration of employee benefit programs for globally located employees
- Drive strategic design and execution of the Total Rewards philosophy
- Deliver Total Rewards programs covering executive compensation, compensation, health and welfare benefits, retirement savings benefits, HR policies, and relocation
- Lead continuous improvement initiatives for team, processes, and systems
- Ensure legal and regulatory compliance and manage reporting and disclosures
- Build relationships with internal stakeholders and external third-party vendors
- Monitor trends, market conditions, industry best practices, vendor capabilities, and developments
- Manage global compensation program design, implementation, administration, maintenance, and reporting
- Develop materials for the Compensation and Organization Development Committee of the Board of Directors and participate in committee meetings
- Oversee base pay management, short- and long-term incentive plans, market data and benchmarking, compensation structures and systems, compensation budget, and equity analysis
- Lead global design and administration of health and welfare, relocation, and retirement plans
- Assess benefit program effectiveness, manage benefit spend, and oversee benefit consulting partnerships
- Collaborate on wellness initiatives and employee benefits support
Requirements
What you’ll need- Bachelor's degree in human resources, business administration, or a related field
- 20+ years of experience in compensation and benefits, or a closely related function, including multiple leadership roles with increasing responsibility and scope
- Experience presenting to Compensation Committee/Board of Directors members and working with Executive Leadership
- Preferred: Leading a global Total Rewards function and developing Total Reward programs
- Preferred: Contributing to due diligence assessments and managing M&A, divestitures, and large-scale organization change
- Preferred: Managing in an HR shared service environment with matrixed leadership
Benefits
Comp & perks- Health, vision, and dental insurance
- Paid time off
- 401k matching program
- Paid parental leave
- Educational reimbursement
- Discretionary company-sponsored annual bonus program