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Precision Engineering Jobs in Chicago, IL (NOW HIRING)

Project Accountant

Chicago, IL · On-site

$62K - $82K/yr

Pinpoint Precision Engineering is seeking a detail-oriented mid-level Project Accountant with experience in the Civil Engineering or AEC (Architecture, Engineering, or Construction) industry to drive ...

Precision Machinist

Grayslake, IL · On-site

$27.38 - $37.21/hr

CompX Grayslake is a leading manufacturer of highly engineered mechanical and electromechanical locking devices, systems for world class original equipment manufacturers and manufacture of precision ...

Precision Grinder

Downers Grove, IL · On-site

$23 - $30/hr

... of precision mechanical components. Follow quality and safety rules and keep work area in a clean ... A portfolio of highly engineered power transmission components and subsystems efficiently transmits ...

Maintenance Mechanic

Wheeling, IL · On-site

$32 - $48/hr

We are at the forefront of precision engineering and innovation, specializing in the development and manufacturing of vital components for medical markets such as Robotic Assisted Surgery ...

CNC Precision Grinder

Alsip, IL · On-site

$20.25 - $27.50/hr

Betts Precision is a family-owned medical device manufacturer focused on providing employees a safe ... to engineering when specifying and developing print and work instructions for the grinding ...

CNC Precision Grinder

Alsip, IL · On-site

$18 - $40/hr

Betts Precision is a family-owned medical device manufacturer focused on providing employees a safe ... Provides support to engineering when specifying and developing print and work instructions for the ...

CNC Precision Grinder

Alsip, IL · On-site

$18 - $40/hr

Betts Precision is a family-owned medical device manufacturer focused on providing employees a safe ... to engineering when specifying and developing print and work instructions for the grinding ...

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Precision Engineering information

See Chicago, IL salary details

$13

$32

$59

How much do precision engineering jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for precision engineering in Chicago, IL is $32.53, according to ZipRecruiter salary data. Most workers in this role earn between $20.82 and $39.13 per hour, depending on experience, location, and employer.

What is precision engineering?

Precision engineering is a specialized field of engineering focused on designing, manufacturing, and measuring components and systems with extremely tight tolerances and high accuracy. This discipline is crucial in industries where even the smallest deviation can affect performance, such as aerospace, electronics, and medical device manufacturing. Precision engineers use advanced technologies and processes to ensure that parts and assemblies meet exacting standards, often at the micron or nanometer scale.

What are the key skills and qualifications needed to thrive as a precision engineer?

To thrive as a Precision Engineer, you need expertise in mechanical design, materials science, and high-accuracy manufacturing, usually supported by a degree in engineering or a related field. Familiarity with CAD/CAM software, CNC machinery, and industry standards like ISO 9001 is typically required. Attention to detail, problem-solving abilities, and effective teamwork are crucial soft skills for excelling in this role. These competencies ensure the creation of ultra-precise components, reduce errors, and support innovation in industries where tolerances are critical.

What are some common challenges faced by precision engineers when working on complex projects?

Precision engineers frequently encounter challenges related to maintaining extremely tight tolerances, especially when working with intricate components or advanced materials. Ensuring quality and consistency across all stages of the manufacturing process requires close collaboration with design, production, and quality assurance teams. Additionally, adapting to rapidly evolving technologies and integrating new machinery or software can be demanding but also presents opportunities for professional growth. Problem-solving skills and attention to detail are essential to overcome these hurdles and deliver high-quality results.

What is the difference between Precision Engineering vs Mechanical Engineering?

AspectPrecision EngineeringMechanical Engineering
Required CredentialsTypically requires a degree in engineering or related field, often with specialization in precision manufacturing or metrologyRequires a bachelor's or master's degree in mechanical engineering, with broader focus on design, thermodynamics, and mechanics
Work EnvironmentSpecialized manufacturing facilities, laboratories, or research environments focused on high-precision componentsVaried settings including factories, design offices, and research labs for diverse mechanical systems
Industry UsageUsed mainly in industries like aerospace, medical devices, and high-precision manufacturingWidely used across automotive, aerospace, robotics, and general manufacturing sectors

While both Precision Engineering and Mechanical Engineering require a strong engineering background, Precision Engineering focuses on creating and maintaining extremely accurate components and systems, often in specialized environments. Mechanical Engineering covers a broader range of mechanical systems and design, making it more versatile across industries.

Is precision engineering a good career?

Precision engineering is a specialized field focused on designing and manufacturing high-accuracy components, often requiring skills in CAD software, measurement tools, and quality control. It offers opportunities in industries such as aerospace, automotive, and medical devices, with a demand for technical expertise and certifications. The career can be stable and rewarding for those interested in detailed work and advanced manufacturing processes.

What does a precision engineer do?

A precision engineer designs, develops, and maintains highly accurate mechanical components and systems, often working with advanced manufacturing tools like CNC machines and coordinate measuring machines. They focus on achieving tight tolerances and high-quality standards in industries such as aerospace, automotive, and medical device manufacturing.
Infographic showing various Precision Engineering job openings in Chicago, IL as of August 2026, with employment types broken down into 86% Full Time, 10% Part Time, 3% Contract, and 1% Nights. Highlights an 85% Physical, 4% Hybrid, and 11% Remote job distribution, with an average salary of $67,656 per year, or $32.5 per hour.

Project Accountant

Chicago, IL • On-site

$62K - $82K/yr

Other

Medical, Dental, Vision, Retirement

Posted 13 days ago


Key responsibilities

  • Extract monthly hours and expenses to draft accurate pre-bills using BQE CORE and QuickBooks.

  • Meet with Project Managers monthly to track project burn rates, resolve scope changes, and finalize invoices.

  • Manage complex billing structures such as Time & Materials, Lump Sum, and Cost-Plus-Fixed-Fee, ensuring compliance with client and agency requirements.


Job description

Let Your Industry Expertise Shine As Our New Project Accountant!


Pinpoint Precision Engineering is seeking a detail-oriented mid-level Project Accountant with experience in the Civil Engineering or AEC (Architecture, Engineering, or Construction) industry to drive our project-level financial management and billing operations. Civil engineering invoicing is highly complex and structurally different from standard business billing; in this role, you will serve as the crucial financial link between our project managers, subconsultants, clients, and accounting

operations.


Working in a flexible hybrid environment, you will master our core contract billing structures—Time and Materials and Lump Sum / Fixed Fee, and Cost-Plus-Fixed-Fee (CPFF)—ensuring absolute compliance with client-specific guidelines, state portal submissions, and rigid agency requirements like the Illinois Department of Transportation (IDOT). Utilizing QuickBooks and BQE CORE, this role is perfect for an organized accounting specialist who thrives on PM collaboration, contract adherence, accurate revenue recognition, and meticulous billing precision.


Why Join Us?

● Work-Life Balance: Flexible hybrid work schedule allowing you to blend working from home with collaborative in-office team days.

● Impact: Be part of a forward-thinking, growing organization shaping sustainable, innovative infrastructure across Illinois and beyond.

● Culture: Work in a collaborative environment that values professional growth, ethical practices, and close team integration.

● Benefits: Competitive salary and comprehensive benefits package, including health insurance, retirement plans, and professional development opportunities.


What you’ll do:


Billing & Pre-Invoice Preparation

  • Extract monthly hours and expenses (subconsultants, testing, mileage) using BQE CORE and QuickBooks to draft accurate pre-bills.
  • Ensure precise cost allocation across project tasks, phases, and agreements.

PM Collaboration & Budgeting

  • Meet monthly with Project Managers to track project burn rates against budgets.
  • Resolve scope changes, unbillable time, and contract amendments before finalizing invoices.

Contract Compliance & AEC Billing

  • Manage complex industry billing structures: Time & Materials (T&M), Lump Sum, and Cost-Plus-Fixed-Fee (CPFF).
  • Ensure strict compliance with client mandates and state agency formats (e.g., IDOT, Illinois Tollway).

Portal Submissions & AR

  • Upload approved invoices to municipal, state, and client e-billing portals; resolve any rejections quickly.
  • Monitor aging AR reports in QuickBooks/BQE and partner with PMs to follow up on outstanding balances.

Payroll

  • Review weekly timesheets, track time entries, and process payroll reports.


What you bring:

● Educational Background: Bachelor’s degree in Accounting, Finance, or a related field preferred (or equivalent combination of formal education and direct industry billing experience).

● Experience: 3–5 years of project accounting experience specifically within Civil Engineering, Consulting Engineering, Architecture, or Construction.

● Working knowledge of billing indirect and direct labor costs.

● Software Proficiency:

○ Hands-on proficiency with QuickBooks and AEC project management software such as BQE

CORE (or similar AEC platforms like Ajera/Deltek).

○ Strong Microsoft Office Suite skills, particularly Excel (VLOOKUPs, pivot tables, and formulas

for reconciliations).

● State & Regulatory Knowledge: Working knowledge of Illinois public sector billing workflows (e.g., IDOT, Illinois Tollway) and familiarity with audited overhead rates (FAR Part 31) preferred.

● Communication & Collaboration: Strong interpersonal skills to collaborate effectively with Project Managers, principals, subconsultants, and client accounts payable departments.


What you’ll get:

In addition to base compensation, employees may be eligible for:

● Annual performance-based bonus opportunities

● 401(k) with company match

● Medical, Dental, and Vision Insurance

● Paid Parental Leave

● Short-Term Disability Coverage

● Professional development and continuing education support

● Leadership development opportunities

● Employee ownership pathway for qualified employees


Compensation: The compensation range is a good-faith estimate for the position at the time of posting. Actual compensation is dependent upon factors such as education, qualifications, experience, skill set, and physical work location.


AN EQUAL OPPORTUNITY/AFFIRMATIVE ACTION EMPLOYER

Women, Veterans, Disabled, and Minorities are encouraged to apply: All qualified applicants will receive consideration without regard to race, color, age, gender, religion, national origin, disability, sexual orientation, gender identity, veteran/military status, marital status, genetic information, or any other status protected under local, state, or federal laws

or regulations.


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