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BioSpace

Director, Business Operations & Strategy

BioSpace, New York, New York, us, 10261

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Director, Business Operations & Strategy

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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. 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.

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.

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

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, including redesigning ways of working from first principles, driving adoption of AI and other technologies, and removing blockers toward the vision

About You Characteristics

Drive business outcomes by focusing on what is valuable and delivering results

Reflect and learn quickly from experiences, leading by example

Chart a motivating path forward from ambiguous mandates for teams and stakeholders

Motivate and influence, and lead without explicit authority

Deep curiosity for AI and other new technologies

Experience

7+ years of professional experience in Business Operations & Strategy or a highly relevant role

Experience in management consulting, investment banking, investing, or another high-speed environment with strong business acumen and executive communication skills

Experience as part of a BizOps team at a growing company and understanding scaling challenges

Technology company experience OR experience leading technical product initiatives within a pharmaceutical company

Experience within healthcare

Skills

Strong verbal and written communication skills for executive audiences

Proficiency in SQL and Excel for analytics and modeling, with ability to quickly learn new tools

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 factors including geographic location and include 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.

Seniority level

Director

Employment type

Full-time

Job function

Management and Manufacturing

Industries

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