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Rent The Runway // designer dresses & accessories rental
 
Brooklyn, NY (Rent the Runway HQ)    Posted: Monday, May 09, 2022
 
   
 
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JOB DETAILS
 

About Us:

Rent the Runway (RTR) is transforming the way we get dressed by pioneering the worlds 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 & 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, accessories & home decor from 700+ brand partners & has built in-house proprietary technology & a one-of-a-kind reverse logistics operation. Under CEO & Co-Founder Jennifer Hymans leadership, RTR has been named to CNBCs Disruptor 50 five times in ten years, & has been placed on Fast Companys Most Innovative Companies list multiple times, while Hyman herself has been named to the TIME 100 most influential people in the world & as one of People magazines Women Changing the World.

About the Role:

The VP/SVP of Financial Planning & Analysis will serve as a key member of the financial leadership team reporting directly to the Chief Financial Officer. By way of first class management reporting, diligent analyses, & strategic modeling, the Financial Planning & Analysis team plays a key role in partnering with the business & informing leadership of actual & projected performance, as well as analyzing business trends, changes, & new initiatives in a fast-paced & highly collaborative, cross-functional environment.  You will be empowered to drive improvements in the quality of our work as the RTR business grows. We are seeking a seasoned FP&A leader with an entrepreneurial drive, strong leadership skills, proven ability to partner with various business partners.

What You'll Do:

  • Lead the FP&A team - partnering closely with key stakeholders across the business to budget, forecast & manage the business.
  • Lead the annual operating budget process, track & report on performance relative to plan, & manage ongoing rolling forecast updates. Drive operational excellence & detail orientation.
  • Drive strategic financial planning, building long range plans & size strategic initiatives in partnership with operating leads across the business.
  • Partner with CFO to formulate external guidance to the street, ensure the business is being managed in a disciplined way to meet & beat guidance.
  • Build & iterate on complex financial models covering all aspects of RTRs operations that will enable effective decision making regarding the companys revenue growth strategy, cost structure, & capital expenditures.
  • Improve operating teams understanding of financial statements & budget adherence with thoughtful & transparent analysis & partnership.
  • Maintain & enhance efficiency of internal financial reporting processes, serving as a thought leader to upgrade reporting standards through the pursuit of continuous process improvement.
  • Establish, track & monitor key operating metrics used to drive the business to greater efficiency.
  • Create ad-hoc analyses to drive business strategy, improve efficiency & maximize ROI.
  • Help drive finance discipline, fact-based decision-making, & financial visibility.
  • Collaborate with operating teams & provide fact-based recommendations that support revenue growth targets & improve profitability, operating efficiency & effectiveness.
  • Assist in preparation of materials for Board of Director meetings.

About You:

  • Bachelor's Degree in Business, Finance, Accounting or Statistics
  • 15+ years of experience in finance & strategic analysis in investment banking, plus some time in an operational role within an FP&A function within an e-commerce brand preferred
  • Experiencing leading, building & managing a high performing team 
  • Entrepreneurial drive, excellent communication & interpersonal skills with demonstrated ability to work in a fast paced & dynamic environment
  • Strong leadership & mentorship skills
  • Highly proficient in financial analysis & model building
  • Highly motivated & willing to take on multiple responsibilities at once   
  • Able to work comfortably under pressure & meet tight deadlines 

Benefits:

At Rent the Runway, were committed to the wellbeing of our employees, & aim to create a workplace that fosters both personal & professional growth. Our inclusive benefits include, but are not limited to:

  • Paid Time Off including vacation, paid bereavement, & family sick leave - every employee needs time to take care of themselves & 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, & have some fun!
  • Exclusive employee subscription & rental discounts -  to ensure you experience the magic of renting the runway (and give us valued feedback!).
  • Comprehensive health, vision, dental, FSA & dependent care from day 1 of employment - Your health comes first & weve got you covered.
  • 401k match - an investment in your future.
  • Company wide events & outings - our team spirit is no joke - we know how to have fun!
  • Hybrid Work - our corporate employees have the option to work remotely up to 3 days a week, 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 & over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing & characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.

COVID-19 VACCINE REQUIREMENT:

RTR is requiring all US corporate employees to be fully vaccinated for COVID-19 in order to work in person, unless an employee requires a reasonable accommodation for medical or religious reasons.  If you believe that you may require an accommodation, please apply for any roles that interest you & if hired, you will receive information on how to request a reasonable accommodation after your start date. RTR will evaluate all such requests in accordance with Company policy & applicable law.   

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 & over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing & characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.

 
 
 
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