Jim Komar

Chief Financial Officer at IMS Companies, LLC
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Contact Information
us****@****om
(386) 825-5501
Location
Naperville, Illinois, United States, US

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Experience

    • United States
    • Mechanical Or Industrial Engineering
    • 1 - 100 Employee
    • Chief Financial Officer
      • 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

    • United States
    • Manufacturing
    • 1 - 100 Employee
    • Chief Financial Officer
      • 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

    • United States
    • Business Consulting and Services
    • 700 & Above Employee
    • Consultant
      • 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

    • Chief Financial Officer
      • 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

    • United States
    • Transportation, Logistics, Supply Chain and Storage
    • 1 - 100 Employee
    • Managing Director of Finance
      • 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

    • Managing Director of Finance
      • 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

    • United States
    • Accounting
    • 100 - 200 Employee
    • Staff Accountant
      • 1989 - 1993

      Chicago, IL International accounting firm specializing in forensic accounting and business interruption insurance.

Education

  • Northern Illinois University
    Bachelor’s Degree, Accounting
  • DePaul Driehaus College of Business
    MBA, Finance

Community

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