Director, Business Operations & Strategy

About Formation Bio

Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development. 

Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients. The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others. 

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

The Business Operations & Strategy Team will help Formation Bio realize its company vision by implementing operational excellence throughout the business and acting as a positive change agent to build the tech and AI driven pharma company of the future.

Responsibilities

As a member of the Business Operations & Strategy team, you will lead both ongoing company processes and ad-hoc initiatives that drive the company vision and strategy forward.

Operational Excellence

• Lead bi-annual planning and goal setting at the company, developing novel approaches to bridge the differences in planning cadence between the pharmaceutical and technology industries
• Continuously improve our company level operating cadence, so that we are planning, executing and communicating results and learnings in a cohesive and effective way
• Partner with functional leaders to define KPIs, implement business analytics, and make data-driven decisions to improve business performance

Positive Change Agent

• Lead strategic and cross-functional initiatives at the company by collaborating with cross-functional stakeholders and leaders, facilitating alignment across different perspectives
• Act as a positive change agent towards the company vision. This could look like:
  • Redesigning our ways of working from first principles
  • Driving the adoption of AI and other new technologies in the most impactful ways for our business
  • Identifying and removing blockers and friction on the path towards our company vision

About You

Characteristics

• You have a strong ability to drive business outcomes, by orienting yourself towards what is most valuable and getting things done
• You reflect and learn quickly from your experiences and mistakes, and lead by example for your peers and your team
• You take ambiguous mandates and chart a motivating path forward for the team and cross-function stakeholders
• You can motivate and influence, and lead without explicit authority
• You have a deep curiosity for AI and other new technologies

Experience

• 7+ Years of professional experience in Business Operations & Strategy or highly relevant role
• You began your career in management consulting, investment banking, investing or another high speed environment where you developed strong business acumen, analytical abilities, high quality execution, and executive communication skills
• You have been a part of a BizOps team at a growing company and have seen the challenges of scaling company operations through different phrase of scale
• You have technology company experience OR experience leading technical product initiative within a pharmaceutical company
• You have experience within healthcare

Skills

• You have strong verbal and written communication skills, experience presenting to and developing content for executive and c-suite audiences
• You are highly proficient in using SQL and Excel for business analytics and modeling, and have demonstrated the ability to quickly learn new technologies and tools on the job

Formation Bio is prioritizing hiring in key hubs, primarily the New York City and Boston metro areas, with additional growth in the Research Triangle (NC) and San Francisco Bay Area. Please only apply if you reside in these locations or are willing to relocate.

Compensation:

The target salary range for this role is: $206,000 - $255,000.

Salary ranges are informed by a number of factors including geographic location. The range provided includes base salary only. In addition to base salary, we offer equity, comprehensive benefits, generous perks, hybrid flexibility, and more. If this range doesn't match your expectations, please still apply because we may have something else for you. 

You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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