About Us:
Rent the Runway is transforming the way modern women get dressed and disrupting the $2.4 trillion global fashion industry by enabling women to rent, versus buy, clothing. Founded in 2009 with a vision to build the world’s first living closet, RTR believes that women everywhere will soon have a subscription to fashion. Rent the Runway has pioneered a new industry by transforming the traditional model of clothing consumption, making apparel rental an indispensable utility while also powering women to feel their best every day. RTR offers apparel, accessories, and home decor from over 700 designer 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, Rent the Runway 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.
About the Job:
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.
What You’ll Do:
- 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
About You:
- 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
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!
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The anticipated base salary for this position is $78,400 to $98,000. The actual base salary offered will depend on a variety of factors, including without limitation, the qualifications of the individual applicant for the position, years of relevant experience, level of education attained, certifications or other professional licenses held.
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What We Do
Rent the Runway is transforming the way modern women get dressed and disrupting the $2.4 trillion fashion industry by pioneering dynamic ownership and enabling women to rent, subscribe to and purchase secondhand clothing. Founded in 2009 with a vision to build the world’s first living closet, RTR believes that women everywhere will soon have a subscription to fashion. By creating a new model of dynamic ownership rooted in sustainability, RTR has made apparel rental an indispensable utility while also powering women to feel their best every day. RTR offers apparel, accessories and home decor from over 700 designer 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, Rent the Runway 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.