Job description
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 and accessories from hundreds of 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.”
About the Job:
As the Senior Manager of Tax you will be a senior member on the Finance team responsible for leading and running the tax function as a function of one for Rent the Runway. You will report to the VP, Controller and work in partnership with other finance leaders and cross-functional senior leaders to (1) ensure tax compliance for the overall company and its Irish subsidiary, (2) assess tax implications of business projects and lead relevant tax implementation strategies, and (3) develop and drive near-term and long-term strategic tax efficiencies.
What You’ll Do:
Manage and facilitate the preparation, review, and filing of:
- company federal and state tax returns
- company sales and use tax returns
- company property tax returns
- income tax returns for the company’s international subsidiaries
- VAT returns for the company’s international subsidiaries
Manage the calculation and review of quarterly and annual income tax provisions, providing support as needed
Support various audits and liaise with external auditors to address tax-related inquiries
Prepare and review tax disclosures for quarterly, annual and other public filings
Lead the preparation and oversight of monthly and quarterly sales tax roll forwards, tax reconciliations and journal entries for period-end close
Manage the tax professional services budget and record accruals when necessary
Provide support to and assist external tax advisers in responding to examinations from various taxing authorities, such as federal, state and local, and sales and use
Manage and support special tax-related projects
Maintain strong internal controls and ensure compliance with all aspects of the tax process
Partner with internal departments to provide tax guidance and ensure new business initiatives are implemented in a tax-compliant manner
Review vendor tax forms to confirm accurate withholding tax treatment; provide guidance to the Accounts Payable and Buying teams
Collaborate with Payroll and HR teams and provide guidance on HR/Equity related tax matters
Develop and maintain effective working relationships with external tax advisers
Monitor legislative and regulatory tax law developments, communicate the effects of these developments to the management team, and create strategies to capitalize on changes to taxation legislation
About You:
- 8+ years of progressive tax experience
- Public accounting tax experience or tax consulting experience is required
- Bachelors or advanced degree in accounting or taxation is required
- CPA license is required; JD or other licenses are preferred
- International tax experience is preferred
- Must possess an ability and a desire to work effectively in a fast-paced, start-up environment
- Must be able to multi-task and identify any critical needs to be prioritized
- Must be a detail-oriented self-starter
- Able to communicate effectively with various levels in the organization and with external parties
- Able to develop connections and relationships with outside advisers, both domestically and internationally
- Willing to help the broader accounting and legal teams with various projects and requests as required
Benefits:
At Rent the Runway, we’re committed to the well-being 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!
- Hybrid Work - our corporate employees have the option to work remotely 3 days a week, 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.
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The anticipated base salary for this position is $134,400 to $168,000. 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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