Business Development Operations Associate
Formation Bio
Summary
This role keeps Business Development (BD) running and makes it run better. You will own the recurring workflows BD depends on, including project managing the end-to-end deal process across sourcing, diligence, negotiations, and contracting; the CRM, deal flow reporting, meeting cadence, the BD process, and the materials BD produces for leadership, the Board, and town halls. You will also propose and implement improvements, using AI wherever it can raise the speed and quality of BD's work. You will report to a Director, Business Development, and work closely with the broader BD team, Product, Tech, and BizOps.
Job description
About the Position
This role keeps Business Development (BD) running and makes it run better. You will own the recurring workflows BD depends on, including project managing the end-to-end deal process across sourcing, diligence, negotiations, and contracting; the CRM, deal flow reporting, meeting cadence, the BD process, and the materials BD produces for leadership, the Board, and town halls. You will also propose and implement improvements, using AI wherever it can raise the speed and quality of BD's work. You will report to a Director, Business Development, and work closely with the broader BD team, Product, Tech, and BizOps.
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
Skills & Qualifications
- 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
Experience & Education Requirements
- 1-3 years of consulting, operations, or corporate strategy experience, preferably in the biotech/pharma industry; project management experience preferred
- Bachelor's degree required, with strong focus in Biology or related scientific discipline preferred
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
- 1-3 years of consulting, operations, or corporate strategy experience, preferably in the biotech/pharma industry; project management experience preferred
- Bachelor's degree required, with strong focus in Biology or related scientific discipline preferred
Benefits
- Equity
- Comprehensive benefits
- Generous perks
Company overview
Formation Bio is an AI-native pharmaceutical company revolutionizing drug development through technology-driven innovation. Founded in 2013 and headquartered in New York City with additional hubs in Boston, San Francisco Bay Area, and North Carolina's Research Triangle, the company focuses on acquiring clinical-stage drug assets from pharmaceutical and biotech companies to develop them faster and more efficiently. Formation Bio has built proprietary AI platforms that optimize critical aspects of clinical drug development, enabling more efficient trial design, faster trial completion, and higher quality trial data. The company's mission is to bring new treatments to patients faster by applying first-principles thinking and data-driven iteration to the traditionally slow and complex drug development process. With a team of 51-200 employees combining expertise from both technology and pharmaceutical backgrounds, Formation Bio has raised significant funding from prominent investors including Andreessen Horowitz, Sequoia Capital, and Thrive Capital. The company's innovative approach has earned recognition including the 2025 CNBC Disruptor 50 and 2025 Fierce 15 awards.