Director, People Operations & Total Rewards

Formation Bio is a tech and AI driven pharma company focused on efficient drug development. They are seeking a Director of People Operations & Total Rewards to own the strategy and execution of their people infrastructure, driving outcomes that advance company priorities through innovative compensation and people programs.

Responsibilities:

• Drive AI-native operations across the people function - identifying opportunities to leverage technology while maintaining the human elements of our work
• Ensure compliance and evolve our people processes to ensure they are fit for purpose as the business scales
• Lead cross-functional processes and partner with internal stakeholders including Legal, Finance, Tech Ops, and Quality Assurance
• Serve as escalation point for complex operational issues, benefits decisions, and compensation situations
• Manage external vendor relationships and consultant partnerships
• Own compensation strategy and execution for Formation's unique business model, including framework design, market positioning, and equity programs
• Lead benefits strategy, vendor selection, and plan design; ensuring our total rewards package is competitive and supports our culture and business needs
• Own cyclical compensation reviews end-to-end
• Partner on complex offer negotiations and provide market intelligence and competitive positioning recommendations
• Elevate and own our annual performance, promotion and compensation review process to ensure quality, consistency, and scalability as we grow
• Partner with Director, People Business Partner on program execution and continuous improvement
• Anticipate program needs based on business growth and evolution