Senior Manager, Accounts Payable

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, Accounts Payable, you will play a crucial role in the daily operations of our Accounts Payable team, reporting directly to the Senior Director of Accounting.  You’ll have an exciting opportunity to oversee our inventory and non-inventory Accounts Payable teams, as well as provide support during month end close for a fast-paced, extremely successful and high energy company.

What You’ll Do:

• Oversee day-to-day Accounts Payable operations, including vendor onboarding, managing a team of accounts payable leads and administrators.
• Manage full cycle invoice processing, including purchase order matching, vendor payments, and expense reimbursement.
• Review of weekly payment batches ensuring that invoices are being paid timely and in accordance with payment terms and internal policies.
• Review coding of  invoices and capital expenditures as needed.
• Prioritize daily tasks and address urgent issues offering quick and effective solutions.
• Maintain up-to-date documentation of AP processes and procedures
• Streamline workflows to enhance processing efficiency to create a best-in-class Accounts Payable function.
• Develop goals and metrics for the Accounts Payable department, monitoring and communicating progress to key stakeholders.
• Manage vendor relationships, supporting the Accounts Payable leads with assistance on communication around payment or discrepancy issues as needed..
• Build effective relationships across the company with various departments (Accounting, Operations, Fashion, Marketing, Legal)  and act as a business partner on Accounts Payable and expense matters and inquiries.
• Responsible for month-end close journal entries and reconciliations for Accounts Payable related areas, working closely with the Accounting team.
• Maintain weekly and monthly schedules performing reconciliations of related balance sheet accounts .
• Support the annual 1099 process, ensuring accurate reporting and compliance for all applicable vendors.
• Provide audit support and participate in walkthroughs for external and internal audits.
• Monitor internal controls related to the Accounts Payable function
• Participate in special projects, including new system integrations, as required.

About you:

• You have a Bachelor’s degree in relevant field preferred or equivalent experience.
• You have 8+ years of progressive experience in Accounts Payable or expense management, with at least 4 years in a managerial role.
• You have exceptional communication and problem-solving skills, comfortable working with stakeholders at all levels.
• You have strong Excel skills, with the ability to analyze and manipulate large data sets.
• You are a highly organized, detail-oriented self-starter, capable of working independently and in a team.
• You have the ability to manage multiple tasks simultaneously and follow through effectively.
• You have a strong work ethic and a positive, can-do attitude.
• Experience with a major ERP system preferred.

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.