Business Development Operations Associate

formationbio; Boston (MA); Hybrid; USD 106,000 - 133,000; Full time

Benefits offered by this job

Equity

Comprehensive benefits

Generous perks

Job summary

Formation Bio, a biotech company leveraging AI to accelerate drug development, seeks a Business Development professional to streamline workflows and drive deal flow.

You will own the end-to-end BD process, manage the CRM, and introduce AI-powered improvements. The role reports to a Director of Business Development and is hybrid, with collaboration in Boston and NYC.

Qualifications

• Strong organization, attention to detail, and reliability on recurring deadlines.
• Proficiency with MS Office, including Excel and PowerPoint.
• Aggressive AI adopter who will test and build automations to improve BD.
• Ability to design, improve, and document processes clearly.
• Strong written and verbal communication 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.

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 leadership review.
• Identify, test, and implement AI tools and automations to improve BD outcomes.
• Build and maintain reporting and dashboards on deal flow, pipeline stage, and team activity.
• Own the BD CRM, including data standards and quality; collaborate with Tech and Product to improve workflows.
• Coordinate agendas, materials, and follow-ups for BD meetings.
• Prepare first drafts of materials for leadership, Board, and town halls.
• Support cross-functional BD initiatives by tracking milestones and owners.

Skills

Organizational skills

Excel

PowerPoint

AI adoption

Process design

Communication

Cross-functional collaboration

Biotech interest

Education

Bachelor's degree in Biology

Tools

CRM system

MS Office

Job description

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, 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

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

Total Compensation Range

Total Compensation Range: $106,000 - $132,500

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!

• we offer equity, comprehensive benefits, and generous perks.

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.

Equal Opportunity

Formation Bio is committed to building a diverse and inclusive team.

We are an equal opportunity employer and welcome candidates from all backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, creed, rel