About Formation Bio
Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development.
Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients.
The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others. You can read more at the following links:
- Our Vision for AI in Pharma
- Our Current Drug Portfolio
- Our Technology & Platform
At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.
About the Position
As a Senior Recruiter at Formation Bio, you will be crucial in attracting and securing top talent for our Development Organization (R&D) and other business units. You will focus on various positions within these areas (IC to executive), leveraging your deep understanding of the drug development industry and its key players. Partnering with our hiring managers, you will develop and execute comprehensive recruiting strategies to meet our ambitious hiring goals, ensuring we have the best minds driving our innovative approach to drug development.
Key Responsibilities:
- Manage mid-level to executive-level requisitions within the Development Organization and other business units, including sourcing, screening, and making offers to candidates.
- Collaborate closely with hiring managers and executives to understand their needs, prioritize roles, and develop innovative solutions for hiring challenges in the drug development space.
- Develop and implement targeted recruitment strategies for hard-to-fill senior positions in Development and other business units across the organization
- Leverage your extensive network and industry knowledge to identify and attract top talent from leading pharmaceutical and biotech companies.
- Stay abreast of industry trends, competitive intelligence, and market dynamics in the drug development sector to inform recruitment strategies.
- Act as a thought leader on talent acquisition in the pharma and biotech industries, participating in relevant events and initiatives to expand our candidate pipeline.
- Collaborate with the talent acquisition team to enhance our employer brand within the drug development community.
- Analyze recruitment metrics and KPIs specific to R&D and other business unit hiring, identifying areas for improvement and reporting on recruitment effectiveness.
- Advise leadership on talent market trends, salary benchmarks, and best practices in pharma and biotech recruiting.
- Organize and participate in industry-specific career fairs and events to connect with potential candidates in the drug development field.
Qualifications:
- At least 5 years of experience in pharma/biotech recruiting, with a focus on R&D and other business functions for innovative drug development companies. In-house recruiting experience is required. Agency experience is a plus but not necessary.
- Proven track record of successfully filling various level positions (IC to Executive) within Development Organizations and other business units
- Deep understanding of the drug development industry, including comprehensive knowledge of key players, executives, companies, and recent acquisitions. You should be able to discuss industry dynamics and major moves like the back of your hand.
- Demonstrated ability to leverage industry knowledge to identify and attract top talent from leading pharmaceutical and biotech companies.
- Experience being a true business partner, advising directors, VPs, and C-level executives on talent acquisition strategies and industry talent trends.
- Strong project management skills, with a demonstrated ability to improve and elevate the overall hiring process for Development and other business unit roles.
- Expertise in non-standard recruiting methods tailored to the pharmaceutical and biotech industries, including innovative sourcing techniques and relationship-building strategies.
- Interested & macro optimist around AI & Drug Development
- Ability to build and maintain strong relationships with both hiring managers and high-level candidates in the drug development space.
- Data-driven approach to recruitment, with the ability to analyze industry-specific metrics to enhance talent acquisition processes.
- Passion for staying at the forefront of drug development advancements, industry mergers and acquisitions, and their impact on talent needs.
- Proven ability to navigate complex organizational structures and stakeholder relationships in both agency and in-house recruiting environments.
- Excellent networking skills with a track record of building and maintaining relationships with industry executives and key decision-makers.
- Ability to work independently while remaining an active team member in a fast-paced, innovative environment.
- Strong business acumen and the ability to understand and articulate the strategic goals of various business units within a pharma/biotech organization.
We offer competitive compensation because we want to hire the best people and reward them for their contributions to our mission. We pay all employees competitively relative to the New York City market, regardless of their location. In compliance with NYC’s pay transparency law and in pursuit of pay equity and fairness, we publish salary ranges for all open roles at Formation Bio. The target salary range for this role is $130,000 - $165,000.
On top of base salary, we also offer equity, generous perks, location flexibility, and comprehensive benefits – learn more about them and our compensation philosophy here.
If this range doesn’t match your expectations, please still apply because we may have something else for you.
#LI-hybridYou will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
