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Job Details

Head of Financial Planning and Analysis VP/SVP

Company name
RENT THE RUNWAY.

Location
Brooklyn, NY, United States

Employment Type
Full-Time

Industry
Accounting, Finance

Posted on
Apr 27, 2022

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Profile

About Us:

Rent the Runway (RTR) is transforming the way we get dressed by pioneering the world’s 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 and 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 and home decor from 700 brand partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list multiple times, while Hyman herself has been named to the “TIME 100” most influential people in the world and as one of People magazine’s “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, and strategic modeling, the Financial Planning & Analysis team plays a key role in partnering with the business and informing leadership of actual and projected performance, as well as analyzing business trends, changes, and new initiatives in a fast-paced and 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 and manage the business.

Lead the annual operating budget process, track and report on performance relative to plan, and manage ongoing rolling forecast updates. Drive operational excellence and detail orientation.

Drive strategic financial planning, building long range plans and 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 and beat guidance.

Build and iterate on complex financial models covering all aspects of RTR’s operations that will enable effective decision making regarding the company’s revenue growth strategy, cost structure, and capital expenditures.

Improve operating teams’ understanding of financial statements and budget adherence with thoughtful and transparent analysis and partnership.

Maintain and 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 and monitor key operating metrics used to drive the business to greater efficiency.

Create ad-hoc analyses to drive business strategy, improve efficiency and maximize ROI.

Help drive finance discipline, fact-based decision-making, and financial visibility.

Collaborate with operating teams and provide fact-based recommendations that support revenue growth targets and improve profitability, operating efficiency and 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 and 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 and managing a high performing team

Entrepreneurial drive, excellent communication and interpersonal skills with demonstrated ability to work in a fast paced and dynamic environment

Strong leadership and mentorship skills

Highly proficient in financial analysis and model building

Highly motivated and willing to take on multiple responsibilities at once

Able to work comfortably under pressure and meet tight deadlines

Benefits:

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

Paid Time Off including vacation, 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 - Unplug, recharge, and have some fun!

Exclusive employee subscription and rental discounts - to ensure you experience the magic of renting the runway (and give us valued feedback!).

Comprehensive health, vision, dental, FSA and dependent care from day 1 of employment - Your health comes first and we’ve got you covered.

401k match - an investment in 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 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 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and 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 and 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 and 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 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.

Company info

RENT THE RUNWAY.
Website : https://www.renttherunway.com

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