Full-Time

Director – Finance

Posted on 11/6/2024

Rent the Runway

Rent the Runway

501-1,000 employees

Fashion rental service for designer clothing

Compensation Overview

$154.2k - $192.7k/yr

+ Equity Compensation

Senior, Expert

Brooklyn, NY, USA

Office centric work with remote option on Fridays.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Looker
Investment Banking
Excel/Numbers/Sheets
Financial Modeling
PowerPoint/Keynote/Slides
Requirements
  • Minimum of 7 years financial experience
  • Strong financial and analytical background in investment banking, private equity or FP&A
  • Skilled in reporting and analysis using tools like Excel, Google Sheets, Google Slides, and Looker
  • Ability to work well with a breadth of functions such as revenue/marketing, CX, data science, and accounting
  • Effective written and verbal communicator with strong leadership, presentation and mentorship skills
  • Highly motivated and able to work comfortably under pressure to meet tight deadlines
  • Flexible with strong interpersonal skills
Responsibilities
  • Monitor, analyze, report and provide insights into business performance on a weekly basis
  • Play a leadership role in revenue (e.g. subscription modeling), partner with growth marketing, lifecycle marketing and product teams to ensure accurate forecasting and team alignment
  • Build, maintain and oversee complex financial models
  • Collaborate cross-functionally to identify and provide data-driven recommendations
  • Prepare short term and long term financial planning scenarios across all areas of the business and prepare supporting materials and presentations.

Rent the Runway offers a service that allows customers to rent designer clothing and accessories, primarily targeting women who want to update their wardrobe without the commitment of buying items. The company operates on a subscription model with various plans, enabling customers to rent a set number of items per month or swap items as often as they like. They also provide one-time rentals for special occasions. Rent the Runway manages all logistics, including dry cleaning and shipping, making the rental process easy for customers. Unlike traditional retailers, Rent the Runway promotes sustainability by reducing the need for fast fashion and minimizing waste, appealing to those who value both style and environmental responsibility. The goal of Rent the Runway is to offer a convenient, affordable, and sustainable alternative to owning clothing.

Company Size

501-1,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2009

Simplify Jobs

Simplify's Take

What believers are saying

  • Launched new $119/month subscription tier to expand customer base in 2025.
  • Focus on in-person events aligns with consumer trend towards brick-and-mortar experiences.
  • Collaborations with major brands enhance visibility and attract new customers.

What critics are saying

  • Increased competition from Walmart's Style Tour may impact in-person event attendance.
  • New subscription tier may not attract enough customers if perceived as too expensive.
  • Shift back to digital experiences post-pandemic could affect in-person engagement strategy.

What makes Rent the Runway unique

  • Pioneered 'closet in the cloud' concept, transforming fashion rental industry since 2009.
  • Offers a subscription-based model with flexible plans for diverse customer needs.
  • Built proprietary technology and logistics for seamless rental experience.

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Benefits

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!

Flexible Work Policy: Hybrid Work - when our corporate employees return to the office post COVID they will have the option to work remotely 2-3 days a week, in accordance with Company policies.

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
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