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Director of Product Management
Rent the Runway Brooklyn, NY
$183k-216k (estimate)
Full Time | Consumer Services 1 Month Ago
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Rent the Runway is Hiring a Director of Product Management Near Brooklyn, NY

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.”

About the Team:

The RTR product team is customer-obsessed, data-driven, experimental, and iterative. We're energized by defining new behavior in the rental ecosystem and are constantly looking for new ways to delight our customers. We believe in and embody RTR’s core values - including thinking of ourselves as founders, dreaming big, being scrappy, fostering debate and honest conversations, and bringing our authentic selves to work every day.

About the Role: 

As the Director of Product Management, you will lead a team of product managers whose mission is to help users discover styles that they want to rent or buy. Your work spans showing all types of users how RTR’s closet could be their closet: from showing prospects how RTR fits into their lives, to helping subscribers continually find new ways to feel their best when they get dressed, to finding the perfect outfit for that next big occasion, to helping all users find previously-loved styles to buy. Your teams will blend the art and science of building user-loved products and scalable platforms across our customer-favorite iOS app and our websites. You will oversee the continued investment in our technical tools like our CMS, merchandising tools and our iOS app, crafting a long-term vision in partnership with Engineering. You’ll work across the major surfaces of the experience, improving the technical foundation as you improve the user experience. You will influence across and up, setting the vision for long-term investment in the products your team owns.

What You’ll Do:

  • Lead and develop a team of product managers setting and delivering on highly visible and company critical goals
  • Build cross-functional teams tasked with continuous product discovery and delivery
  • Cultivate a deep knowledge of the RTR customer, their pain points, and what makes them love their experience with RTR
  • Prioritize rigorously across a number of business and technical investment areas
  • Build the systems, tools and processes that will enable your team to succeed in the short- and long-terms
  • Define the right success metrics and set clear targets to constantly strive for improvement
  • Drive execution and ensure the team delivers the desired business outcomes efficiently
  • Build the cross-functional relationships with other orgs within RTR that will ensure your team is building alongside our other subject matter experts
  • Communicate plan and progress to key internal partners and executives. Actively listen and respond to feedback
  • Maintain a solid pulse on market trends and conduct ongoing evaluations of relevant 3rd party offerings, to ensure our systems and processes are best-in-class.
  • Contribute to creating a learning culture and a fun, rewarding workplace where people can realize their full potential

About You:

We are looking for a Product leader with experience in platform thinking, creating strong partnerships and who balances pragmatism with forward-thinking leadership. The right candidate will have a strong technical background and good business sense. 

  • You have 8 years of product management experience, including people management. Preferably in an e-commerce, merchandising, or other area leading a company in a new direction via its product(s).
  • You are a confident and influential communicator. From engineers to executives, you know how to talk and listen in remote & in-person environments. You’re skilled at bringing stakeholders along in your decision-making process and are adept at telling a story that supports your recommendations and inspires teams.
  • You’re a relationship builder who engages well with stakeholders, understands their objectives and constraints and earns their trust.
  • You create vision and clarity from complexity and ambiguity. You are comfortable and energized by uncharted problems.
  • You’re constantly learning. You run experiments to validate assumptions and mitigate risks. You are flexible and able to change direction as you learn.
  • You're a builder. You are excited about creating new products that deliver significant business impact.
  • You thrive in change. You are entrepreneurial in spirit with a passion for disruption.
  • You’re both a high level strategic thinker and a roll-up-your-sleeves operator who does what it takes to get things done and deliver results.
  • You're analytical. You turn data into actionable insights.
  • You enjoy getting technical. You’re comfortable working with engineers day-to-day and able to participate in technical discussions. You have basic knowledge of data structures, experiment design, and using self-service analytics tools (like Google Analytics or Looker) to make decisions
  • You have experience working in scrum/agile management methodologies.

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!
  • Hybrid Work - our corporate employees have the option to work remotely 2 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.

_________

The anticipated base salary for this position is $168,000 to $220,000. 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.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Consumer Services

SALARY

$183k-216k (estimate)

POST DATE

05/08/2024

EXPIRATION DATE

07/07/2024

WEBSITE

renttherunway.com

HEADQUARTERS

NEW YORK, NY

SIZE

500 - 1,000

FOUNDED

2009

CEO

SHAILAH EDMONDS

REVENUE

$200M - $500M

INDUSTRY

Consumer Services

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About Rent the Runway

Rent the Runway is transforming the way modern women get dressed and disrupting the $2.4 trillion fashion industry by pioneering dynamic ownership and enabling women to rent, subscribe to and purchase secondhand clothing. Founded in 2009 with a vision to build the worlds first living closet, RTR believes that women everywhere will soon have a subscription to fashion. By creating a new model of dynamic ownership rooted in sustainability, RTR has made apparel rental an indispensable utility while also powering women to feel their best every day. RTR offers apparel, accessories and home decor fro...m over 700 designer partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hymans leadership, Rent the Runway has been named to CNBCs Disruptor 50 five times in ten years, and has been placed on Fast Companys Most Innovative Companies list multiple times. More
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The job skills required for Director of Product Management include Product Management, Leadership, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Product Management. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Product Management. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Director of Product Management positions, which can be used as a reference in future career path planning. As a Director of Product Management, it can be promoted into senior positions as a Product Management Senior Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Product Management. You can explore the career advancement for a Director of Product Management below and select your interested title to get hiring information.

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If you are interested in becoming a Director of Product Management, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director of Product Management for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Director of Product Management job description and responsibilities

Director of Product Management advocate for their products with executives and other stakeholders.

01/08/2022: Chillicothe, OH

The Director of Product Management oversees and ensures that the functions of the Junior Product Manager, Product Manager, Senior Product Manager, and Head of Product Management are efficiently and effectively executed.

03/27/2022: Greensboro, NC

Collaboration leads to clear and efficient product road mapping, product planning, prioritization, and an overall agile product development process.

03/10/2022: Allentown, PA

The best Director of Product Management use purpose-built product management software like Aha! Roadmaps to drive results.

02/14/2022: Flagstaff, AZ

Director of Product Management provide the expertise needed to lead and make strategic product decisions.

04/01/2022: Ogden, UT

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Director of Product Management jobs

Where practitioners of more established crafts, like design and engineering, have been able to segment themselves by their specialization, Director of Product Management are still defining what the role should be.

03/28/2022: Augusta, GA

Aligning stakeholders around the vision for the product.

01/18/2022: Hialeah, FL

While a product manager defines the direction of the product through research, vision-setting, alignment, and prioritization, the product owner should work more closely with the development team to execute against the goals that the product manager helps

01/28/2022: Dothan, AL

Clearly understanding the costs and benefits of each choice guides the product manager toward the right decision.

02/27/2022: Columbus, MS

Director of Product Management are responsible for leading the product organization for a larger product vertical, managing a larger team of PMs and setting strategy for the organization.

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Step 3: View the best colleges and universities for Director of Product Management.

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