Vice President of Finance

Rent the Runway; New York (NY); Hybrid; USD 230,000 - 420,000; Full time

Benefits offered by this job

Paid Sabbatical

Remote work opportunities

401k match

Generous PTO

Job summary

Rent the Runway, New York, seeks a VP of Finance to lead the FP&A function and partner with executive leadership on budgeting, forecasting and strategic initiatives.

You will drive the redesign of planning processes, build long-range financial models, oversee corporate financing, MD&A, and external filings, while mentoring a high-performing team in a fast-paced ecommerce environment.

Qualifications

• Strong leadership and mentorship skills.
• Ability to focus on details as well as understand the larger context, independent thinker.
• 15+ years of experience in finance and strategic analysis in operational roles within an ecommerce brand, apparel retailer or consumer products company.
• Entrepreneurial drive, excellent communication and interpersonal skills with demonstrated ability to work in a fast paced and dynamic environment.
• Highly motivated and willing to take on multiple responsibilities at once.
• Curious, hardworking, demonstrated ability to quickly immerse into a new business and provide valuable insight, questions and contributions.
• Able to work comfortably under pressure and meet tight deadlines.

Responsibilities

• Lead the FP&A team - partnering closely with key stakeholders across the business to budget, forecast and manage the business.
• Lead corporate financing activities through development of recommendations to the board of directors, analysis of options on timing and sources of funding, and successfully completing the financings in partnership with internal and external legal counsel.
• Assist with external SEC filings through developing relevant MD&A commentary and business risk disclosure narratives.
• Build and iterate complex financial models covering all aspects of RTR’s operations that will enable effective decision making regarding the company’s revenue growth strategy, cost structure, and capital investments.
• Improve operating teams’ understanding of financial statements and budget adherence with thoughtful and transparent analysis and partnership.
• Maintain and enhance efficiency of internal financial reporting processes, serving as a thought leader to upgrade reporting standards through the pursuit of continuous process improvement.
• Create ad-hoc analyses to drive business strategy, improve efficiency and maximize ROI.
• Establish FP&A team excellence through establishing departmental vision, goal setting, coaching and individual development plans.
• Assist in preparation of materials for Board of Director meetings and participate in key financial planning presentations.
• Participate in Senior Leadership Team initiatives and bring a trusted financial voice to planning discussions and execution activities.
• Oversee reporting and compliance certification requirements for lender entities and prepare external auditor liquidity analysis.

Skills

Leadership

Strategic analysis

Financial modeling

Communication

Education

Bachelor's degree

Job description

• The VP of Finance will serve as a key member of the financial leadership team reporting directly to the Chief Financial Officer
• By way of best-in‑class planning, insightful analyses, and strategic thinking, the Finance team plays a key role in partnering with the business and informing leadership of actual and projected performance
• In addition, the team’s focus is on analyzing business trends, recommending adjustments and supporting new initiatives in a fast-paced and highly collaborative, cross‑functional environment
• You will be empowered to drive improvements in the quality of our work as the RTR business grows under new leadership and strategic direction
• We are seeking a seasoned finance leader with an entrepreneurial drive, strong leadership skills, and proven ability to partner with various business leaders
• Lead the FP&A team - partnering closely with key stakeholders across the business to budget, forecast and manage the business
• Play an integral role in the company’s strategic evolution from a concentrated subscription membership model to a fashion service platform that serves our customer’s desires to rent, reserve and buy apparel and accessories
• Lead a redesigned enterprise planning and performance reporting process and manage ongoing rolling forecast updates. Drive operational excellence and business leader accountability through the weekly, monthly and quarterly planning cadences
• Drive strategic financial planning, building long range plans and size strategic initiatives in partnership with operating leaders across the business
• Partner with CFO to formulate external guidance to the street and ensure the business is being managed in a disciplined way to meet external commitments
• Lead corporate financing activities through development of recommendations to the board of directors, analysis of options on timing and sources of funding, and successfully completing the financings in partnership with internal and external legal counsel
• Assist with external SEC filings through developing relevant MD&A commentary and business risk disclosure narratives
• Build and iterate complex financial models covering all aspects of RTR’s operations that will enable effective decision making regarding the company’s revenue growth strategy, cost structure, and capital investments
• Improve operating teams’ understanding of financial statements and budget adherence with thoughtful and transparent analysis and partnership
• Maintain and enhance efficiency of internal financial reporting processes, serving as a thought leader to upgrade reporting standards through the pursuit of continuous process improvement
• Evaluate and make recommendations on investments in planning systems and analytic toolsets that leverage company data and AI capabilities
• In partnership with the Business Intelligence function, establish, track and monitor key operating metrics used to drive the business to greater efficiency
• Create ad-hoc analyses to drive business strategy, improve efficiency and maximize ROI
• Establish FP&A team excellence through establishing departmental vision, goal setting, coaching and individual development plans
• Assist in preparation of materials for Board of Director meetings and participate in key financial planning presentations
• Participate in Senior Leadership Team initiatives and bring a trusted financial voice to planning discussions and execution activities
• Oversee reporting and compliance certification requirements for lender entities and prepare external auditor liquidity analysis

Benefits

• Paid Sabbatical after 5 years of continuous service
• Exclusive employee subscription and rental discounts
• 401k match
• Work from home opportunities
• Generous Paid Time Off including annual leave, 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.
• Competitive Stakeholder Pension - taking care of your future
• Comprehensive health, dental care and dependents care from day 1 of employment - Your health comes first and we’ve got you covered.
• Company wide events and outings - our team spirit is no joke - we know how to have fun!
• Hybrid Work - our corporate employees have the option to work remotely 3 days a week, in accordance with Company policies

Strong leadership and mentorship skillsAbility to focus on details as well as understand the larger context, independent thinker15+ 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 plusEntrepreneurial drive, excellent communication and interpersonal skills with demonstrated ability to work in a fast paced and dynamic environmentHighly motivated and willing to take on multiple responsibilities at onceCurious, hardworking, demonstrated ability to quickly immerse into a new business and provide valuable insight, questions and contributionsAble to work comfortably under pressure and meet tight deadlinesExperiencing leading, building and managing a high performing teamHighly proficient in financial analysis and model building and understands the implications of that analysis for decision makingA Bachelor’s Degree is required