Business Development Operations Associate

Formation Bio•Boston, MA

3d•$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 the Business Development (BD) function running effectively and improves its recurring workflows. The role project-manages the end-to-end deal process across sourcing, diligence, negotiations, and contracting, and owns BD process documentation, CRM operations, deal-flow reporting, meeting cadence, and materials for leadership and other audiences. The associate will identify and implement process improvements and AI tools or automations that raise the speed and quality of BD work. The position reports to a Director, Business Development, and works closely with the broader BD team, Product, Tech, and BizOps. The role 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 and San Francisco Bay Area may also be considered. Candidates must live in these locations or be willing to relocate. The posted total compensation range is $106,000–$132,500. Individual compensation depends on role scope, location, skills, and experience. The company also offers equity, comprehensive benefits, and generous perks.

Requirements

1–3 years of consulting, operations, or corporate strategy experience.
Bachelor's degree required.
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; comfort 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 pharmaceutical business development.

Nice To Haves

Experience in biotech or pharmaceutical consulting, operations, or corporate strategy.
Project management experience.
A strong focus in Biology or a related scientific discipline.

Responsibilities

Own and maintain BD processes and 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 their effectiveness.
Identify, test, and implement AI tools and automations that improve BD outcomes, and share effective approaches with the team.
Build and maintain reporting and dashboards covering 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.