Associate Strategic Buyer

Formation Bio is building a best-in-class Procurement function to support our rapidly growing organization. We are looking for a high-ownership Buyer who can independently run sourcing initiatives and RFPs, drive operational excellence in our purchasing processes, and serve as a trusted partner to stakeholders across the company.

Responsibilities:

• Own and independently run end-to-end sourcing events and RFPs, including requirements gathering, vendor identification, bid evaluation, negotiation support, and stakeholder communication
• Serve as the primary Buyer for assigned business units, managing purchase requests, vendor selection, and commercial coordination
• Become a subject matter expert in Zip and lead day-to-day administration and optimization of procurement workflows within the platform
• Partner with stakeholders across IT, G&A, Clinical, and other teams to ensure timely, compliant, and cost-effective purchasing
• Transition and operationalize key procurement processes (e.g., vendor onboarding, intake management, purchasing workflows) into Procurement
• Support and help execute a major P2P platform process improvement initiative, ensuring scalable design and strong adoption across the organization
• Develop category insights and potentially assume ownership of specific categories (e.g., IT) depending on business needs and growth trajectory
• Maintain documentation, playbooks, and SOPs to improve procurement consistency and scalability
• Track and report on sourcing metrics, cycle times, savings, and process performance

Requirements:

• 3-5+ years of experience in procurement, strategic sourcing, project management, operations, consulting, or a related field
• Demonstrated experience running RFPs or managing structured vendor selection processes independently
• Experience working cross-functionally with technical and non-technical stakeholders
• Strong project management skills with the ability to manage multiple concurrent initiatives

Nice to Have:

• Experience implementing or administering procurement tools (Zip experience strongly preferred)
• Experience supporting or owning an indirect spend category such as IT, G&A, or professional services
• Experience in a high-growth startup or scaling environment
• Exposure to life sciences, biotech, pharma, or other regulated industries

We Offer:

• Total Compensation Range: $101,000 - $132,500
• Comprehensive benefits and generous perks