A simple yet accurate parameterization of spectral and broadband ocean surface albedo has been developed. To facilitate the parameterization and its applications, the albedo is parameterized for the direct and diffuse incident radiation separately, and then each of them is further divided into two components: the contributions from surface and water, respectively. The four albedo components are independent of each other, hence, altering one will not affect the others. Such a designed parameterization scheme is flexible for any future update. Users can simply replace any of the adopted empirical formulations (e.g., the relationship between foam reflectance and wind speed) as desired without a need to change the parameterization scheme. The parameterization is validated by in situ measurements and can be easily implemented into a climate or radiative transfer model.