Full-Time

Director – Finance

Confirmed live in the last 24 hours

Rent the Runway

Rent the Runway

501-1,000 employees

Fashion rental service for designer clothing

Social Impact
Consumer Goods

Compensation Overview

$154.2k - $192.7kAnnually

+ 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
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • You have a minimum of 7 years financial experience.
  • You have a strong financial and analytical background in investment banking, private equity or FP&A.
  • You are skilled in reporting and analysis using tools like Excel, Google Sheets, Google Slides, and Looker.
  • You can work well with a breadth of functions such as revenue / marketing, CX, data science, and accounting to analyze, package and evaluate financial performance.
  • You are an effective written and verbal communicator with strong leadership, presentation and mentorship skills.
  • 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 are flexible and have 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
  • Be able to build, maintain and oversee complex financials 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 that provide flexibility, such as a set number of items per month or unlimited swaps. Customers can also rent items for special occasions. Rent the Runway generates revenue through subscription fees and one-time rentals, while managing logistics like dry cleaning and shipping for a seamless experience. The company promotes sustainability by reducing fast fashion and waste, aiming to provide a practical and stylish solution for fashion-conscious individuals.

Company Stage

IPO

Total Funding

$390.3M

Headquarters

New York City, New York

Founded

2009

Growth & Insights
Headcount

6 month growth

2%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven personalization enhances customer satisfaction and retention for Rent the Runway.
  • The new $119/month subscription tier aims to expand Rent the Runway's customer base.
  • In-person events and experiences boost customer engagement and brand presence.

What critics are saying

  • Increased competition from Walmart's Style Tour may draw potential customers away.
  • Focus on in-person events may strain Rent the Runway's traditionally eCommerce resources.
  • The new subscription tier may not attract enough customers to offset expansion costs.

What makes Rent the Runway unique

  • Rent the Runway offers a unique 'closet in the cloud' service.
  • The company provides access to 550+ designer brands at a fraction of retail prices.
  • Proprietary technology and reverse logistics set Rent the Runway apart from competitors.

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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.