Description
About Us:
Rent the Runway (RTR) is transforming the way we get dressed by pioneering the world’s first Closet in the Cloud. Founded in 2009, RTR has disrupted the $2.4 trillion fashion industry by inspiring women with a more joyful, sustainable and financially-savvy way to feel their best every day. As the ultimate destination for circular fashion, the brand now offers infinite points of access to its shared closet via a fully customizable subscription to fashion, one-time rental or ownership. RTR offers designer apparel and accessories from hundreds of brand partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list multiple times.
Position Overview:
This position will be within RTR’s FP&A team which is central to strategic decision-making. The successful candidate will be responsible for core parts of RTR’s business, primarily related to Inventory. The position will be highly cross-functional across RTR’s teams dedicated to inventory planning, procurement and selling. This position plays a vital role in achieving our strategic goals and will have direct interaction with the C-suite. The ideal candidate will be analytically rigorous, entrepreneurial, highly detail-oriented, and will be able to develop and maintain complex models, demonstrate flexibility, and meet rapid deadlines.
The position will report into the Director, Strategic Finance as their manager. Additionally, the Manager, FP&A will have an analyst reporting directly to them.
Responsibilities:
- Monitor, analyze, report on and provide strategic insights into business performance on a weekly cadence.
- Collaborate cross-functionally with the Inventory planning, buying and selling teams to identify and provide data-driven recommendations that optimize ROI and improve overall profitability.
- Perform strategic analysis and modeling to help inform the above teams in key business decisions, including the build-out of new revenue streams and inventory procurement channels, as well as investments into existing offerings.
- Present, analyze, and interpret relevant financial data to senior leadership - partnering closely with key leaders to impact strategic business decisions.
- Own FP&A budgeting process for Inventory including annual review and analysis and tracking monthly/quarterly actuals vs. budget.
- Build scenario-based models linking operational drivers to financial outcomes to facilitate decision making across the organization
- Function effectively in an especially fast-paced start-up operating environment, managing time effectively to address high priority items in a timely manner.
- Analyze competitor performance and market trends.
- Assist in preparation of materials for Earnings and Board of Director meetings.
Qualifications:
- Bachelor's Degree in Business, Finance, Accounting or Economics.
- 4+ years of finance and strategic analysis experience in investment banking, private equity, equity research or FP&A.
- Highly skilled in financial analysis, Excel and model building.
- Entrepreneurial drive, excellent communication and interpersonal skills with demonstrated ability to work in a fast paced and dynamic environment.
Benefits:
At Rent the Runway, we’re committed to the wellbeing of our employees, and aim to create a workplace that fosters both personal and professional growth. Our inclusive benefits include, but are not limited to:
- Paid Time Off including vacation, paid bereavement, and family sick leave - every employee needs time to take care of themselves and their family.
- Universal Paid Parental Leave for both parents + flexible return to work program - because we know your newest family member(s) deserve your undivided attention.
- Paid Sabbatical after 5 years of continuous service - Unplug, recharge, and have some fun!
- Exclusive employee subscription and rental discounts - to ensure you experience the magic of renting the runway (and give us valued feedback!).
- Comprehensive health, vision, dental, FSA and dependent care from day 1 of employment - Your health comes first and we’ve got you covered.
- 401k match - an investment in your future.
- Company wide events and outings - our team spirit is no joke - we know how to have fun!
- Office centric work - our corporate employees and technical leaders have the option to work remotely on Fridays, in accordance with Company policies.
Rent the Runway is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant or employee based on any legally-recognized basis, including, but not limited to: race, color, religion, sex (including pregnancy, lactation, childbirth or related medical conditions), sexual orientation, gender identity, age (40 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.
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The anticipated base salary for this position is $98,800 to $130,000. The actual base salary offered will depend on a variety of factors, including without limitation, the qualifications of the individual applicant for the position, years of relevant experience, level of education attained, certifications or other professional licenses held.
By submitting your application below, you agree that you have read and acknowledge Rent the Runway's Candidate Privacy Policy, found here.
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