Manager, FP&A, Inventory & Operations

Company: Rent the Runway
Company: Rent the Runway
Location: Brooklyn, NY (Rent the Runway HQ)
Posted on: 2024-05-11 01:00
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.” Position Overview: This position will be within RTR’s FP&A team which has been instrumental in putting the company on a path to profitability and the successful candidate will be responsible for core parts of RTR’s business - Inventory, Labor, Transportation & Fulfillment. The position will be highly cross-functional, ensuring alignment across our revenue, inventory, and fashion teams. Similarly on the cost side, it will be highly cross-functional across RTR’s supply chain. This position plays a vital role in achieving our strategic goals, will have direct interaction with the C-suite and as such the incumbent should have an entrepreneurial drive, be able to interact with a variety of people, develop and maintain complex models, demonstrate flexibility, and meet rapid deadlines. Responsibilities: Partnering with the Inventory Planning and Fashion teams to track, project, and optimize inventory.  Partnering with the Supply Chain teams to track, project and optimize labor, transportation and fulfillment.  Performing strategic analysis and modeling to help inform the above teams in key business decisions. Building financial models that will enable senior leadership to make effective decisions about the company’s cost base and revenue projections, including determining annual budgets. Presenting, analyzing, and interpreting relevant financial data to senior leadership - partnering closely with key leaders to impact strategic business decisions. Owning budgeting process including annual review and analysis, assigning department specific budgets, and tracking monthly/quarterly actuals vs. budget. Analyzing competitor performance and market trends. Establishing and reporting key operating metrics used to drive the business to greater efficiency. Preparing and delivering daily, weekly and monthly management reports to key constituents. Functioning effectively in an especially fast-paced start-up operating environment, managing time effectively to address high priority items in a timely manner. Assisting in preparation of materials for Board of Director meetings. Qualifications: Bachelor's Degree in Business, Finance, Accounting or Economics. 3+ years of finance and strategic analysis experience in banking or an operational role. Experience with detailed cost, labor, inventory or transportation data & model building preferred. Proficient in financial analysis and model building. Entrepreneurial drive, excellent communication and interpersonal skills with demonstrated ability to work in a fast paced and dynamic environment. 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! Office centric work - our corporate employees and technical leaders have the option to work remotely on Fridays, 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. ---------- The anticipated base salary for this position is $98,800 to $123,500. 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.   This position is also eligible for equity compensation. 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