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Full-Time

Senior Accountant

Posted on 7/29/2024

Loft Orbital

Loft Orbital

201-500 employees

Provides space infrastructure as a service

Aerospace

Compensation Overview

$61k - $100kAnnually

+ Equity Options

Senior

Golden, CO, USA

Requires onsite presence in Golden, Colorado for hybrid work setup.

Category
Financial Accounting
Accounting
Required Skills
NetSuite
Financial analysis
Requirements
  • Bachelor’s in Accounting
  • CPA candidate a plus
  • 3+ years financial accounting experience
  • Excellent communication, teamwork, and computer skills
  • Experience with our software stack preferred (Excel, NetSuite, Slack, Gmail, Expensify, Divvy)
  • Experience with hardware components
Responsibilities
  • Prepare, post and process journal entries
  • Process accounts payable invoices
  • Reconcile bank statements
  • Oversee recording of transactions on the credit card platform
  • Review and authorize employee reimbursements
  • Collaborate with the controller and accounting managers
  • Carry out ad-hoc financial analysis and reporting

Loft Orbital provides space infrastructure as a service, making it easier for clients to access satellite services. They maintain an inventory of satellite buses and schedule quarterly launches, allowing them to deliver missions to space much faster than traditional methods. By managing the complexities of space missions, Loft Orbital allows clients to focus on their objectives without worrying about the technical details. They utilize identical satellite hardware for each mission to reduce risk and maximize reliability. Their payload agnostic technology enables them to support a variety of payloads on a standard satellite bus, catering to diverse client needs. Loft Orbital's goal is to offer a complete solution for deploying and scaling satellite constellations, generating revenue through their comprehensive service offerings.

Company Stage

Series B

Total Funding

$156.2M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

7%

1 year growth

18%

2 year growth

80%
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Simplify's Take

What believers are saying

  • The partnership with Viasat for NASA's Real-Time Space Relay service highlights Loft Orbital's credibility and potential for high-profile projects.
  • Collaborations with tech giants like Microsoft Azure enhance Loft Orbital's capabilities in software deployment and edge computing, broadening their service offerings.
  • The $140 million investment from BlackRock indicates strong financial backing and confidence in Loft Orbital's business model and growth potential.

What critics are saying

  • The space industry is highly competitive, and Loft Orbital must continuously innovate to maintain its edge.
  • Dependence on partnerships with other companies, such as Viasat and Microsoft, could pose risks if these relationships were to change or dissolve.

What makes Loft Orbital unique

  • Loft Orbital's payload agnostic technology allows them to cater to a wide range of client needs, unlike competitors who may require custom solutions for different payloads.
  • Their business model of having satellite buses in inventory and scheduled quarterly launches significantly reduces the time to deploy customer missions compared to traditional methods.
  • By offering a turnkey solution for deploying and scaling satellite constellations, Loft Orbital simplifies the complexities of space missions for their clients, setting them apart from competitors.

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