Senior Analyst, Rent the Runway
Finance
$78.4-98k
1+ day a week in office (Brooklyn, NY)
Women's clothing subscription service
Be an early applicant
Women's clothing subscription service
501-1000 employees
Be an early applicant
$78.4-98k
1+ day a week in office (Brooklyn, NY)
501-1000 employees
Company mission
Rent the Runway's mission is to power women to feel their best every day.
Role
Who you are
- You have a bachelor's Degree in Business, Finance, Accounting or Statistics
- 2-3 years experience of finance and/or strategic analysis experience
- You have entrepreneurial drive, excellent communication and interpersonal skills with demonstrated ability to work in a fast paced and dynamic environment
- You are proficient in financial analysis and model building
- You are highly motivated and willing to take on multiple responsibilities at once and are able to work comfortably under pressure to meet tight deadlines
- You have experience working in investment banking, M&A, FP&A, corporate finance or consulting
What the job involves
- The Senior Analyst, Finance will play an important strategic financial role at Rent the Runway by partnering closely both within the Finance organization and cross-functionally to drive business decisions and help to set long-term financial strategy
- This role will focus specifically on inventory and operations
- This position offers the opportunity to provide critical business intelligence that empowers senior management to make sound decisions
- By way of first class management reporting, diligent analyses, and strategic modeling, the Finance team delivers timely results and encourages open discussion and creative solutions to improve the quality of our work as the business grows
- This position plays a vital role in achieving these goals, and the incumbent should have an entrepreneurial drive, be able to interact with a variety of people, maintain and develop complex models, demonstrate flexibility, and meet rapid deadlines
- Analyze, update and develop financial models that will enable senior leadership to make effective decisions about the company’s cost base and revenue projections
- Prepare and deliver daily, weekly and monthly management reports to key constituents
- Present, analyze, and interpret relevant financial data to senior leadership - partnering closely with key leaders to impact strategic business decisions
- Support key initiatives that drive improvement in ROI, profitability, and forecast reliability
- Own budgeting and forecasting processes including annual and quarterly reviews and analysis, assigning department specific budgets, and tracking monthly/quarterly actuals vs. budget
- Partner with key business areas to perform strategic analysis and modeling to help inform department specific spending and decisions
- Analyze competitor performance and market trends
- Assist in preparation of materials for Board of Director meetings
- Work on a variety of special projects that may include M&A, financings, new business initiatives, etc
- Manage time effectively to address high priority items in a timely manner
Our take
Rent the Runway seeks to profit from two important trends in apparel consumption: wanting to stay on top of the latest fashion trends while living and purchasing sustainably. By providing a platform for women to rent designer pieces, its users can have it all.
The company allows users to rent, subscribe, or buy designer apparel and accessories. It achieves this with its network of partnerships with hundreds of top designers and managing the crucial but complicated logistics in-house. It offers its partnered brands sophisticated analytics about potential customers in return for lower prices on designer garments.
Rent the Runway is now focused on diversifying revenue streams while reducing its costs. Its recent partnership with Amazon is an example of this new direction: while it will use this chanel sell to clothes previously rented through its platform, it will for the first time be selling new clothes based off of rental items modified in line with market data.
While moves such as this may well shift Rent the Runway towards profitability, it also risks undercutting the company's central message of sustainability and supporting the circular economy. The company believes that by creating better quality clothing it will nonetheless be aiding in the fight against fast fashion. Time will tell if this move helps or hinders the sustainability movement, but it is likely to boost Rent the Runway's bottom line regardless.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-6% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Apr 2020
$80m
SERIES G
Mar 2019
$125m
SERIES F
Total funding: $401.2m
Company benefits
- Generous Paid Time Off including annual leave, 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
- Exclusive employee subscription and rental discounts
- 401k match
- Work from home opportunities
- Comprehensive health, dental care and dependents care from day 1 of employment - Your health comes first and we’ve got you covered.
- Competitive Stakeholder Pension - taking care of your future
- Company wide events and outings - our team spirit is no joke - we know how to have fun!
- Hybrid Work - our corporate employees have the option to work remotely 3 days a week, in accordance with Company policies
Company values
- Great ideas can come from anywhere
- Opportunity is yours for the taking
- Risk and failure are encouraged
- Embrace and trust the RTR Family
Company HQ
Hudson Square, New York, NY
Articles
Leadership
Jennifer Hyman
(CEO)Prior to Rent the Runway, was director of business development at IMG where she focused on the creation of new media businesses for IMG's fashion division.
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