Full-Time
General Accounting Specialist
Sandvik
10,001+ employees
Mining, rock excavation, metal cutting solutions
No salary listed
Grand Rapids, MI, USA
Hybrid
 Accounting (1) |
|---|
- Bachelor’s degree in Accounting.
- Three or more years’ experience as accountant, preferably in manufacturing industry.
- Experience with Infor Visual & OneStream beneficial.
- Advanced Excel skills and the ability to learn new technologies.
- Performs month-end financial close for multiple ledgers and meets strict month end close and reporting deadlines.
- Participates in monthly OneStream reporting, ensures quality and timeliness.
- Reconciles cash entries daily and supports the monthly bank reconciliation.
- Prepares journal entries as needed, including prepaid amortizations, accruals, IFRS lease entries, calculating depreciation, allowance for bad debts, payroll.
- Prepares monthly account reconciliations.
- Assists with the fixed assets subledger and processes fixed assets transactions.
- Creates, reviews and submits HST and Sales Tax returns.
- Supports Income Tax return preparation for US and Canada.
- Works on ad-hoc projects and analyses as requested.
- None
Sandvik is a global engineering company focused on mining and rock excavation, rock processing, and metal cutting, supplying tools, machines, and related services. Its products perform material extraction, rock breaking, crushing, and precision cutting to help customers mine, process, and shape metals. It differentiates itself through a long history, deep specialization in its core domains, an integrated portfolio, and a strategy that keeps focus on core businesses while divesting non-core units like Alleima. Its goal is to help customers improve productivity, safety, and sustainability in heavy industry by providing reliable equipment, tools, and support.
Company Size
10,001+
Company Stage
IPO
Headquarters
Stockholms kommun, Sweden
Founded
1862
Simplify's Take
What believers are saying
- Q1 2026 order intake surged 23% to SEK 36.8 billion organically.
- €500M EIB loan funds R&D through 2030 for sustainable solutions.
- Acquired ThoroughTec and K&Y Diamond bolstering mining simulation, precision tools.
What critics are saying
- Shares at SEK399 trade 53% above fair value, triggering correction.
- Epiroc captures market share as rock processing margins drop to 19.8%.
- Mining supercycle collapse cuts revenue 20-30% if commodity prices crash.
What makes Sandvik unique
- Pioneered industrial Bessemer steel process in 1862 at Sandviken.
- Launched cemented carbide via Coromant brand in 1942.
- Leads in mining tools with 160-year rock excavation expertise.
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Benefits
Flexible Work Hours
Professional Development Budget
Training Programs
Parental Leave
Wellness Program
Employee Referral Bonus
Performance Bonus
Remote Work Options
Company News
Sandvik has acquired 80% of the Canada-based K&Y Diamond, a leading manufacturer of
Sandvik is investing in a new manufacturing facility in Greater Sudbury, Canada, to increase production capacity and support industrial and construction customers in North America. The expansion marks a long-term commitment to the region. The announcement comes as Sandvik's shares trade at SEK399.4, showing strong recent performance with returns of 15.3% over the past month and 76.7% over one year. However, the stock is trading approximately 20% above analysts' target price of SEK331.8 and 53.1% above estimated fair value. The company's price-to-earnings ratio of 34.1 exceeds the machinery industry average of 24.7, raising valuation concerns. Investors are monitoring whether revenue and earnings from the new facility will justify current valuations.
Sandvik has signed an agreement to acquire ThoroughTec Simulation, a South Africa-based provider of equipment simulators and training systems for the mining industry. The company will be reported within Sandvik's Parts and Services division. ThoroughTec develops OEM-agnostic training simulators and offers a training management system to help mining customers improve productivity, operator safety and reduce maintenance costs. The acquisition will combine ThoroughTec's simulators with Sandvik's digital solutions to enable customised, data-driven operator training programmes. Headquartered in Durban, ThoroughTec employs over 200 people and generated revenues of around SEK 170 million in 2025. The purchase price was not disclosed. The transaction is expected to close during the second quarter of 2026, subject to regulatory approvals.
Sandvik AB is set to release its Q4 2025 earnings on 27 January 2026. The consensus estimate forecasts revenue of $3.28 billion and earnings of $0.34 per share for the quarter. Full-year 2025 revenue is expected to reach $12.67 billion with earnings of $1.24 per share. Revenue estimates for 2026 have risen from $13.57 billion to $14.03 billion over the past 90 days, whilst earnings estimates increased from $1.39 to $1.48 per share. In the previous quarter, Sandvik's revenue of $3.07 billion missed expectations by 0.84%, but earnings of $0.30 per share beat forecasts by 6.07%. The stock rose 3.08% following those results. Analysts currently maintain a "hold" recommendation on the stock.
Sandvik has secured a €500 million loan from the European Investment Bank (EIB) with a seven-year term. This funding will support Sandvik's R&D investment plans until 2030, focusing on developing advanced, productive, safe, and sustainable solutions. The EIB, as the EU's lending arm, aims to enhance EU competitiveness and innovation. Sandvik's CEO, Stefan Widing, highlighted the loan's role in supporting their R&D initiatives and funding strategy.