Business Development Operations Associate

Formation Bio•Boston, NY

2d•$106,000 - $132,500•Hybrid

About The Position

Formation Bio is a technology- and AI-driven pharmaceutical company focused on making drug development and clinical trials more efficient. The Business Development Operations Associate keeps Business Development (BD) running effectively by owning recurring workflows and improving the processes, tools, and materials the team relies on. The role manages the end-to-end deal process across sourcing, diligence, negotiations, and contracting; maintains the CRM and deal-flow reporting; coordinates meeting cadence; and prepares materials for leadership, the Board, town halls, and fund partners. The associate will identify and implement process improvements, including AI tools and automations, and will report to a Director, Business Development. The role works closely with the broader BD team and with Product, Tech, and BizOps. The position is hybrid, with three days per week in the office. Formation Bio is prioritizing candidates in the New York City and Boston metro areas; applicants from the Research Triangle in North Carolina and the San Francisco Bay Area may also be considered. Candidates must reside in these locations or be willing to relocate. The total compensation range is $106,000–$132,500; individual compensation depends on role scope, location, skills, and experience. In addition to base salary, the company offers equity, comprehensive benefits, and generous perks.

Requirements

Strong organization, attention to detail, and reliability in meeting recurring deadlines.
Proficiency with Microsoft Office, including Excel and PowerPoint.
Eagerness to adopt and implement AI to improve BD outcomes, with comfort testing new tools and building automations.
Ability to design, improve, and clearly document processes.
Strong written and verbal communication, including the ability to produce 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 pharmaceutical business development.
1–3 years of consulting, operations, or corporate strategy experience.
Bachelor's degree required.
Applicants must reside in the specified hiring locations or be willing to relocate.

Nice To Haves

Experience in the biotech or pharmaceutical industry.
Project management experience.
A strong focus in Biology or a related scientific discipline.

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; obtain BD leadership review for changes affecting the team and track whether improvements work.
Identify, test, and implement AI tools and automations that improve BD outcomes, and share successful approaches 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 CRM 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.
Project manage the end-to-end deal process across sourcing, diligence, negotiations, and contracting.