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About the Role
This role is critical for the smooth operation of the Business Development team, focusing on managing recurring workflows, including the end-to-end deal process, CRM, reporting, and meeting cadence. The position involves proposing and implementing process improvements, leveraging AI to enhance speed and quality, and supporting cross-functional initiatives.
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
Requirements
- 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
Skills
- Microsoft Office Suite
- Excel
- PowerPoint
- AI adoption and implementation
- Process design and documentation
- Written communication
- Verbal communication
- Project management
Location
- New York City metro area
- Boston metro area
- Research Triangle (NC)
- San Francisco Bay Area
Work Type
- Hybrid
Experience Level
- 1-3 years
Education Level
- Bachelor's degree
- Biology or related scientific discipline preferred
Salary/Compensations
- $106,000 - $132,500
Benefits
- Equity
- Comprehensive benefits
- Generous perks
About the Company
- Formation Bio is a tech and AI driven pharma company focused on efficient drug development.
- Founded in 2016 as TrialSpark Inc., the company utilizes technology platforms, processes, and capabilities to accelerate drug development and clinical trials.
- Formation Bio partners with organizations to develop drugs past clinical proof of concept.
- The company is backed by investors including a16z, Sequoia, Sanofi, Thrive Capital, John Doerr, Spark Capital, and SV Angel Growth.
- Company values drive the mission to revolutionize the pharma industry and bring new treatments to patients faster and more efficiently.
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, religion, national origin, ancestry, sex (including pregnancy, childbirth, breastfeeding, and related medical conditions), gender identity or expression, sexual orientation, age, disability, genetic information, marital status, military or veteran status, or any other characteristic protected by federal, state, or local law.