Business Development Operations Associate

You can read more at the following links

• Our Vision for AI in Pharma
• Our Current Drug Portfolio
• Our Technology & Platform

At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.

About the Position

This role keeps Business Development (BD) running and makes it run better. You will own the recurring workflows BD depends on, including project managing the end-to-end deal process across sourcing, diligence, negotiations, and contracting; the CRM, deal flow reporting, meeting cadence, the BD process, and the materials BD produces for leadership, the Board, and town halls. You will also propose and implement improvements, using AI wherever it can raise the speed and quality of BD's work. You will report to a Director, Business Development, and work closely with the broader BD team, Product, Tech, and BizOps.

Responsibilities

• Own and maintain the BD process and its documentation as the team's work evolves
• Propose and implement improvements to BD processes, tools, and workflows, with review from BD leadership for changes that affect the team, and track whether they work
• Identify, test, and implement AI tools and automations that improve BD outcomes, and share what works with the team
• Build and maintain reporting and dashboards on deal flow, pipeline stage, and team activity for BD leadership
• Own the BD CRM, including data entry standards, upkeep, and data quality, and work with Tech and Product to improve its workflows
• Coordinate agendas, materials, and follow-ups for standing, triage, and ad hoc BD meetings
• Prepare first drafts of materials for BD leadership, the Board of Directors, quarterly town halls, and fund partners
• Support cross-functional BD initiatives by tracking milestones, owners, and follow-through

Skills & Qualifications

• Strong organization, attention to detail, and reliability on recurring deadlines
• Proficiency with the Microsoft Office suite, including Excel and PowerPoint
• An aggressive AI adopter who is eager to implement AI in ways that improve BD outcomes, and comfortable testing new tools and building automations
• Ability to design, improve, and clearly document processes
• Strong written and verbal communication, including producing polished materials for senior audiences
• Ability to manage competing requests and work cross-functionally with Product, Tech, BizOps, and R&D
• Interest in biotech and pharma business development

Experience & Education Requirements

• 1-3 years of consulting, operations, or corporate strategy experience, preferably in the biotech/pharma industry; project management experience preferred
• Bachelor's degree required, with strong focus in Biology or related scientific discipline preferred

Pay and benefits

Compensation Individual compensation is determined by several factors, including role scope, geographic location, and skills & experience. Your offer will reflect where you fall within the range based on these considerations. In addition to base salary, we offer equity, comprehensive benefits, and generous perks. If the posted range doesn't match your expectations, we still encourage you to apply!

Where We Hire Formation Bio is prioritizing hiring in key hubs, primarily the New York City and Boston metro areas, with a hybrid model requiring 3 days per week in office. Applicants from the Research Triangle (NC) and San Francisco Bay Area may also be considered. Please apply only if you reside in these locations or are willing to relocate.

We've seen a rise in recruiting impersonation scams across the industry, where fake profiles pose as recruiters aiming to trick candidates into sharing personal and financial information through illegitimate interviews and job offers. All legitimate recruiting communications from Formation Bio will come from a @formation.bio email address. If you receive outreach from someone claiming to work at Formation Bio through any other domain or channel, please disregard it and do not share any personal information.