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

As a Lead Recruiter at Formation Bio, you will be at the forefront of attracting and securing top tech talent for our engineering and product teams. Your role will involve developing and executing comprehensive tech recruiting strategies to meet our ambitious hiring goals. You will be responsible for sourcing, screening, and interviewing candidates for mission-critical positions, ensuring a seamless and efficient recruitment process.

Collaboration with internal stakeholders is key to refining and improving our recruitment strategies. You will work closely with hiring managers to understand their needs, prioritize roles, and develop innovative solutions for hiring challenges. Additionally, you will act as a strategic partner, advising on market trends, salary benchmarks, and best practices in tech recruiting.

Key Responsibilities

• Manage your own requisition load, including sourcing, screening, and making offers to candidates.
• Meet internal stakeholders to discuss headcount, new requisitions, and hiring strategies.
• Collaborate with team members and stakeholders to develop innovative solutions for hiring needs.
• Collaborate with hiring managers to prioritize roles and work together to achieve hiring targets.
• Act as a thought leader on tech talent, identifying and participating in events, partnerships, and other initiatives to discover new candidate channels.
• Support and drive talent process improvements, leveraging data to enhance recruitment strategies.
• Develop and implement employer branding strategies to attract top tech talent.
• Stay at the forefront of AI and tech advancements to ensure we attract the best talent in the industry.
• Organize and participate in tech career fairs and other industry events to connect with potential candidates.
• Analyze recruitment metrics and KPIs to identify areas for improvement and report on recruitment effectiveness.

Qualifications

• At least 5 years of experience in tech recruiting, with a focus on in-house recruitment for tech-based startups, preferably those specializing in AI.
• Experience filling roles at all levels, from senior engineers to management.
• Experience being a true business partner advising directors, VPs, and CTOs.
• Strong project management skills, with a proven track record of delivering recruiting projects that elevated the overall hiring process. .
• Demonstrated expertise in non-standard recruiting methods.
• Ability to build strong relationships with both hiring managers and candidates.
• A data-oriented approach to recruitment, with the ability to analyze and leverage data to improve talent processes.
• Passion for staying at the forefront of AI and technology, continuously seeking innovative methods to attract top talent.
• Ability to multi-task and operate with little direction while remaining an active team member.

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 $155,000 - $185,000.

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.

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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.