Compensation Overview

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

The IT Engineer will work with the Technical Operations (TechOps) team to design, develop, and implement technical solutions to support business needs. They will perform routine maintenance and updates on IT infrastructure and systems, support software and hardware integration projects, and ensure compliance with IT policies and security standards. This role is crucial in maintaining the reliability, security, and efficiency of our IT systems, enabling the company to achieve its strategic goals.

Responsibilities

• Perform routine maintenance and updates on IT infrastructure and systems
• Collaborate with other IT team members to implement new technologies
• Support software and hardware integration projects
• Develop and maintain documentation for IT systems and processes
• Ensure compliance with IT policies and security standards

About You 

• 3+ years of IT experience
• Experience with scripting languages (e.g., Python, PowerShell)
• Experience with macOS and Windows endpoints
• Experience with corporate management systems like Jamf, Intune, Google Workspace, and Okta
• Proficiency in system administration, networking, and virtualization technologies
• Experience with cloud platforms (e.g., AWS, Azure, Google Cloud)

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 $83,000 - $105,000.

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-hybrid

You 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.