Director of Business Operations & Strategy, Formation Bio
$206-255k
+ Equity
Office located in Manhattan, NY
End-to-end medical trial solutions
Be an early applicant
End-to-end medical trial solutions
101-200 employees
Be an early applicant
$206-255k
+ Equity
Office located in Manhattan, NY
101-200 employees
Company mission
To bring new treatments to patients faster and more efficiently.
Role
Who you are
- 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
- 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
- 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
What the job involves
- 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
- 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
- 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. 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
Our take
Clinical drug trials are lengthy and expensive, delaying the supply of vital new drugs to patients and costing lives. For Formation Bio, this is an efficiency issue - one which it hopes to solve with its end-to-end automation solution.
According to the company, its approach has teams running medical trials twice as fast and at half the cost. It's worked so well, in fact, that Formation Bio is looking to take drug development in-house.
Now a Unicorn, the company has secured heavyweights like Pfizer, Sanofi, Novartis and 23andMe as partners. Precisely how it will fare in the Big Pharma ecosystem remains to be seen, but the promise of cheaper drugs and faster innovation is certainly causing a stir in a market that has historically been resistant to both.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
30% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jun 2024
$372m
SERIES D
Sep 2021
$156m
SERIES C
Total funding: $530.3m
Company HQ
Midtown South, New York, NY
Leadership
Benjamine Liu
(CEO)Worked as a computational biologist at various Neurology departments, following a D.Phil in computational Biology and Psychiatry at Oxford. They are also an Advisor at Harvard Business School.
Salary benchmarks
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