Manager of Financial Planning & Analysis, Rent the Runway
$98.8-125k
+ Equity
More information about location
1+ day a week in office (Brooklyn, NY)
Women's clothing subscription service
Be an early applicant
Women's clothing subscription service
1001+ employees
Be an early applicant
$98.8-125k
+ Equity
More information about location
1+ day a week in office (Brooklyn, NY)
1001+ employees
Company mission
Rent the Runway's mission is to power women to feel their best every day.
Role
Who you are
- 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
What the job involves
- 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
- 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
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 channel to sell clothes previously rented through its platform, it will, for the first time, be selling new clothes based on 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
-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 HQ
Hudson Square, New York, NY
Leadership
Jennifer Hyman
(Co-Founder, CEO & Chairman of the Board)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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