Payroll Administrator, Rent the Runway
$29.00 to $35.00 per hour
More information about location
1+ day a week in office (Brooklyn, NY)
Women's clothing subscription service
Job no longer available
Women's clothing subscription service
1001+ employees
Job no longer available
$29.00 to $35.00 per hour
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
- 1-3 years of payroll experience is preferred
- Basic understanding of payroll or accounting principles
- Strong attention to detail and accuracy
- Proficiency with Microsoft Excel
- Bachelor’s degree in Accounting is preferred
- Excellent organizational and communication skills
- Ability to maintain confidentiality and handle sensitive information
- Experience in Workday (or other HRIS system) /payroll processing is preferred
- Familiarity with timekeeping and benefits administration
- Must be a detail-oriented self-starter
- Knowledge of basic tax and wage laws
- Strong verbal and written skills for interacting with employees, HR, and finance departments
What the job involves
- As a Payroll Administrator you will be a member of the Finance team responsible for supporting the payroll department in processing employee pay accurately and on time
- This role involves data entry, record maintenance, and assisting with payroll reporting and compliance
- You will report to the Senior Director, Payroll and work in partnership with other cross-functional departments to drive accurate results
- Payroll administrator responsibilities include calculating employee pay, managing deductions (including benefits, garnishments, taxes, etc), and ensuring compliance with tax regulations
- Requires collaboration with HR, finance & legal teams to maintain accurate payroll records and resolve employee pay issues
- Attention to detail, strong computer literacy, confidentiality, and up-to-date knowledge of employment law and tax forms, managing tight deadlines, regulatory changes, and sensitive employee data
- Facilitate employee enrollment in benefits and maintain our company’s benefit plans
- Managing electronic timekeeping systems and manually collecting and reviewing timesheets
- Providing information and answering employee questions about payroll-related matters
- Process payroll runs: Calculate and distribute salaries, overtime, bonuses, and other pay accurately and on schedule
- Maintain payroll records and generate appropriate reports for payroll summaries and reconciliations
- Support audits: Provide documentation and ensure payroll meets audit and control standards
- Help with year-end payroll: Issue annual tax forms, reconcile payroll accounts, and assist with year-end close
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.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 13 more jobs at Rent the Runway