Jim Komar
Chief Financial Officer at IMS Companies, LLC- Claim this Profile
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Bio
Experience
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IMS Companies, LLC
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United States
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Mechanical Or Industrial Engineering
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1 - 100 Employee
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Chief Financial Officer
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2020 - Present
IMS is a privately held diversified group of companies providing custom manufacturing solutions to its customers. Responsible for all aspects of accounting and finance including: * Strategic planning and Management * Financial Analysis, Budgeting and Forecasting * Financial Reporting and Administration * Treasury and Banking relations * Mergers & Acquisitions
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Pewag Chain Inc
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United States
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Manufacturing
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1 - 100 Employee
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Chief Financial Officer
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2016 - 2020
Bolingbrook, Il $50M North American headquarters (five legal entities) of $250M privately held global chain and components manufacturer and distributor located in Austria. Responsible for all financial and administrative operations for all of pewag North American locations, including: • Direct and coordinate all financial planning • Negotiate and manage all loans, credit facilities and banking relationships • Establish benchmarks for financial and operational performance… Show more $50M North American headquarters (five legal entities) of $250M privately held global chain and components manufacturer and distributor located in Austria. Responsible for all financial and administrative operations for all of pewag North American locations, including: • Direct and coordinate all financial planning • Negotiate and manage all loans, credit facilities and banking relationships • Establish benchmarks for financial and operational performance enhancement • Prepare and monitor the budgeting process and variance reporting • Oversee daily operations of the financial and accounting department • Coordinate and collaborate with branch leaders to develop short and long term business plans • Work closely with external accountants • ERP System improvements Show less
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RGP
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United States
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Business Consulting and Services
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700 & Above Employee
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Consultant
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2015 - 2016
Greater Chicago Area Interim CFO for $40M privately held agricultural firm providing consulting services as well as manufacturing and distribution of fertilizer. Brought in to guide client through rapid growth and fulfilling the following needs: • Manage banking relationship and improve working capital • Assist with equity raise • Improve and establish internal controls • Develop a reliable and effective budget process • Streamline month end close process • Evaluate system… Show more Interim CFO for $40M privately held agricultural firm providing consulting services as well as manufacturing and distribution of fertilizer. Brought in to guide client through rapid growth and fulfilling the following needs: • Manage banking relationship and improve working capital • Assist with equity raise • Improve and establish internal controls • Develop a reliable and effective budget process • Streamline month end close process • Evaluate system requirements • Review acquisition opportunities Show less
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Chief Financial Officer
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2012 - 2014
Chicago, IL Privately owned national appliance parts distributor headquartered in Chicago. •Automated month end close process • Reduced monthly operating expenses • Reduced inventory levels and improved turns • Negotiated new credit facility • Implemented new ERP system • Reduced over-60 aged receivables
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HomeDirect, Inc.
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United States
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Transportation, Logistics, Supply Chain and Storage
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1 - 100 Employee
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Managing Director of Finance
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2005 - 2012
Hillside, IL $140 million PE backed logistics provider specializing in the home delivery of large consumer durables throughout the United States and Canada. • Hired, trained and developed an entire accounting department • Created new procedures and internal controls to reduce the month end close by 2 days • Implemented a $31 million and a $28 million multi-bank term loan and associated $8 million revolving credit facility • Established banking facilities in Canada within two weeks to… Show more $140 million PE backed logistics provider specializing in the home delivery of large consumer durables throughout the United States and Canada. • Hired, trained and developed an entire accounting department • Created new procedures and internal controls to reduce the month end close by 2 days • Implemented a $31 million and a $28 million multi-bank term loan and associated $8 million revolving credit facility • Established banking facilities in Canada within two weeks to support an unexpected business operation in Canada. • Implemented a major accounting upgrade (PeopleSoft). • Improved EBITDA by $1 million through analyses and recommended changes. • Redesigned the entire budgeting and forecasting processes for both earnings and cash management Show less
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Managing Director of Finance
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1993 - 2005
Hillside, IL $220 million transportation and logistics company primarily focused on moving household goods within the continental United States. Ownership was private equity, then agent owned. • Reduced accounts receivable from $41 million to $26 million and over 60 day percentage from 24.1% to 8.3%. • Achieved a 10 day reduction in days to invoice • Improved cash and availability by $20 million • Implemented a $26 million cash flow based credit facility
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Meaden & Moore
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United States
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Accounting
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100 - 200 Employee
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Staff Accountant
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1989 - 1993
Chicago, IL International accounting firm specializing in forensic accounting and business interruption insurance.
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Education
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Northern Illinois University
Bachelor’s Degree, Accounting -
DePaul Driehaus College of Business
MBA, Finance