Formation Bio
Overview
Director, Business Operations & Strategy at Formation Bio. Join to apply for the Director, Business Operations & Strategy role at 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., builds technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. The company 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. About Formation Bio Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development. 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
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 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 new technologies, and removing blockers on the path towards the company vision
About You
Characteristics
You have a strong ability to drive business outcomes by focusing on what is most valuable and delivering results You reflect and learn quickly from experiences and mistakes, and lead by example You navigate ambiguous mandates and chart a motivating path forward for the team and cross-functional 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 a highly relevant role Experience in management consulting, investment banking, investing, or another high-speed environment with strong business acumen, analytical abilities, execution, and executive communication skills Experience as part of a BizOps team at a growing company and familiarity with scaling operations through different phases Technology company experience OR experience leading technical product initiatives within a pharmaceutical company Experience within healthcare Skills
Strong verbal and written communication skills, with experience presenting to and developing content for executive and c-suite audiences Proficiency in SQL and Excel for business analytics and modeling, with ability to quickly learn new tools Formation Bio prioritizes 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. 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 Note: Referrals can increase your chances of interviewing at Formation Bio.
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Director, Business Operations & Strategy at Formation Bio. Join to apply for the Director, Business Operations & Strategy role at 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., builds technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. The company 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. About Formation Bio Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development. 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
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 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 new technologies, and removing blockers on the path towards the company vision
About You
Characteristics
You have a strong ability to drive business outcomes by focusing on what is most valuable and delivering results You reflect and learn quickly from experiences and mistakes, and lead by example You navigate ambiguous mandates and chart a motivating path forward for the team and cross-functional 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 a highly relevant role Experience in management consulting, investment banking, investing, or another high-speed environment with strong business acumen, analytical abilities, execution, and executive communication skills Experience as part of a BizOps team at a growing company and familiarity with scaling operations through different phases Technology company experience OR experience leading technical product initiatives within a pharmaceutical company Experience within healthcare Skills
Strong verbal and written communication skills, with experience presenting to and developing content for executive and c-suite audiences Proficiency in SQL and Excel for business analytics and modeling, with ability to quickly learn new tools Formation Bio prioritizes 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. 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 Note: Referrals can increase your chances of interviewing at Formation Bio.
#J-18808-Ljbffr