Manager of Financial Planning and Analysis, Rent the Runway
$98.8-123.5k
Plus equity compensation
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
$98.8-123.5k
Plus equity compensation
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 banking or an operational role
- Experience with detailed cost, labor, inventory or transportation data & model building preferred
- Proficient in financial analysis 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 - Operations (Warehouse Labor & Fulfillment, Transportation) and Company Wide Operating Expenses
- The position will be highly cross-functional across RTR’s supply chain. This position plays a vital role in achieving our strategic goals, will have direct interaction with the C-suite and as such the incumbent should have an entrepreneurial drive, be able to interact with a variety of people, develop and maintain complex models, demonstrate flexibility, and meet rapid deadlines
- The position will have the support of a Senior Analyst, who will report into this role as their manager
- Partnering with the Supply Chain teams to track, project and optimize labor, transportation and fulfillment
- Performing strategic analysis and modeling to help inform the above teams in key business decisions
- Presenting, analyzing, and interpreting relevant financial data to senior leadership - partnering closely with key leaders to impact strategic business decisions
- Owning budgeting process for Operations and G&A including annual review and analysis, assigning department specific budgets, and tracking monthly/quarterly actuals vs. budget
- Lead cost efficiency initiatives across operations, partnering with cross-functional teams to identify savings opportunities and support execution
- Build scenario-based models linking operational drivers to financial outcomes to facilitate decision making across cost, service, and capacity
- Analyzing competitor performance and market trends
- Establishing and reporting key operating metrics used to drive the business to greater efficiency
- Preparing and delivering daily, weekly and monthly management reports to key constituents
- Functioning effectively in an especially fast-paced start-up operating environment, managing time effectively to address high priority items in a timely manner
- Assisting 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.
Salary benchmarks
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