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About the Role
The VP of Finance will serve as a key member of the financial leadership team reporting directly to the Chief Financial Officer. The Finance team partners with the business to inform leadership of actual and projected performance, analyze business trends, recommend adjustments, and support new initiatives in a fast-paced, collaborative environment. You will drive improvements in work quality as the RTR business grows under new leadership and strategic direction. We seek a seasoned finance leader with an entrepreneurial drive, strong leadership skills, and proven ability to partner with various business leaders.
Responsibilities
- Lead the FP&A team, partnering with key stakeholders to budget, forecast, and manage the business.
- Play an integral role in the company’s strategic evolution from a subscription membership model to a fashion service platform.
- Lead a redesigned enterprise planning and performance reporting process and manage ongoing rolling forecast updates.
- Drive operational excellence and business leader accountability through planning cadences.
- Drive strategic financial planning, building long range plans and sizing strategic initiatives.
- Partner with CFO to formulate external guidance and ensure the business meets external commitments.
- Lead corporate financing activities, including developing recommendations to the board, analyzing funding options, and completing financings.
- Assist with external SEC filings by developing MD&A commentary and business risk disclosure narratives.
- Build and iterate complex financial models to enable effective decision-making regarding revenue growth, cost structure, and capital investments.
- Improve operating teams’ understanding of financial statements and budget adherence through analysis and partnership.
- Maintain and enhance efficiency of internal financial reporting processes and upgrade reporting standards.
- Evaluate and recommend investments in planning systems and analytic toolsets.
- Establish, track, and monitor key operating metrics in partnership with the Business Intelligence function.
- Create ad-hoc analyses to drive business strategy, improve efficiency, and maximize ROI.
- Establish FP&A team excellence through vision, goal setting, coaching, and development plans.
- Assist in preparation of materials for Board of Director meetings and participate in financial planning presentations.
- Participate in Senior Leadership Team initiatives and bring a trusted financial voice to planning and execution.
- Oversee reporting and compliance certification for lender entities and prepare external auditor liquidity analysis.
Requirements
- A Bachelor's Degree is required.
- 15+ years of experience in finance and strategic analysis in operational roles within an ecommerce brand, apparel retailer or consumer products company.
- Additional time spent in investment banking/consulting/asset management is a plus.
- Demonstrated ability to quickly immerse into a new business and provide valuable insight, questions and contributions.
- Ability to focus on details as well as understand the larger context; independent thinker.
- Experience 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 and understands the implications of that analysis for decision making.
- Highly motivated and willing to take on multiple responsibilities at once.
- Able to work comfortably under pressure and meet tight deadlines.
Skills
- Financial analysis
- Model building
- Strategic planning
- Budgeting
- Forecasting
- Performance reporting
- Financial modeling
- SEC filings
- Data analysis
- AI capabilities
Location
- Brooklyn, NY headquarters
Work Type
- Office centric
- Remote on Fridays (optional)
Experience Level
- 15+ years of experience
Education Level
- Bachelor's Degree
Salary/Compensations
- $238,400 to $275,000
- Eligible for equity compensation
Benefits
- Paid Time Off including vacation, paid bereavement, and family sick leave
- Universal Paid Parental Leave for both parents + flexible return to work program
- Paid Sabbatical after 5 years of continuous service
- Exclusive employee subscription and rental discounts
- Comprehensive health, vision, dental, FSA and dependent care from day 1 of employment
- 401k match
- Company wide events and outings
About the Company
- 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.
- RTR 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 and accessories from hundreds of brand partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation.
- 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.
Equal Opportunity
- 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.