Ian Chomat, CPA, CGMA

Ian Chomat, CPA, CGMA

Accountant

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  • Timeline

  • About me

    Partner and Chief Financial Officer at Monarch Private Capital

  • Education

    • Flagler College-Tallahassee

      2003 - 2005
      Bachelor of Business Administration (B.B.A.) Accounting and Business/Management
    • Flagler College

      2001 - 2005
      Bachelor's Accounting and Business Administration
  • Experience

    • Florida State University

      Mar 2003 - Aug 2005
      Accountant

      • Began as OPS employee and was promoted to Accountant I within 6 months with a staff of one.• Audited travel reimbursements for Florida State University employees.• Researched American Express transactions for the state of Florida.• Maintained University travel reimbursement records and audits for expense accounts and ensured all were within budgeted amounts.• Accountable for cash advances, receipt of re-payment, application to travel accounts, and reconciliation• In charge of all aspect of AVIS billing: audit, research, application of credits, accounts payable, and account reconciliation Show less

    • Lanigan & Associates, P.C.

      Aug 2005 - May 2013
      Manager

      • Lead staff of three in audits and review engagements for firm, prepare and review work papers, financial statements and presentations to board of directors. • Prepare and review reconciliations for fixed assets, bank reconciliations and month and year-end accruals.• Manage a staff of four professional accountants in the preparation and review of tax returns, tax estimates and the general tax planning for clients. Assist the Partner in identifying, hiring and training of new staff. • Manage relationships between clients and firm in communicating on areas of new tax law and how it relates to their individual needs.• Other responsibilities include:o Assist manufacturing clients with month and year end general ledger reconciliations and preparation of monthly financial statementso Lead staff in analysis of current tax laws and understanding how effects individual clients.o Research complicated tax situations and communicate the effects to both business and individual clients.o Prepare tax returns for all types of business, Partnerships, Corporations, Individuals and Trusts.o Tax and financial planning for business clients with assets in excess of $100 million and individuals with assets above $20 million.• Business development initiatives include: o Lead Manager with a team of four in computing and negotiating settlements with BP for the Deep Water Horizons Claim resulting in an estimated additional $1.2 million in revenue for the firm from existing client base.o Led team in creating a complex and detailed excel program to calculate the potential award amount for clients. o Led firm in efforts to identify and negotiate with outside clients to prepare and negotiate award amounts relating to the BP claims. Estimated to bring in an additional $500,000 to firm from new client engagements. Show less

    • Fairway Construction Co., Inc.

      Jun 2013 - Apr 2015
      Controller

      • Lead staff of five in accounting department and ten field staff dispersed across multiple geographic locations in overall objectives of company. Develop metrics to determine team’s success and monitor performance of staff.• Oversee and review the preparation of monthly financial statements and annual budgets, including monitoring significant variances from budget to actual. • Review and approve all tax returns and audit preparations.• Collaborate with executive team on accounting objectives and deliverables. Offer recommendations on accounting implications of strategic business initiatives.• Partner with Project Managers and Superintendents on project job costs and develop metrics to track and determine success of each project.• Conduct debriefing analysis after major projects to evaluate current processes and recommend best practices and strategies on future projects.• Business development initiatives:o Developed process that reduced days in accounts receivable by approximately 15 percent.o Ensured that all potential discounts were met for purchases by increased levels of cash management to enable more favorable pricing terms with expedited payment.o Reduced month end close process by three days with improved procedures.o Assisted in negotiations for national pricing with General Electric, which reduced pricing on items by approximately seven percent on all purchases.o Developed analytics to track all job costs and create dashboard for review by executive management. Show less

    • Finite Holdings, LLC

      May 2015 - Sept 2017
      Chief Financial Officer

      • Compile and review the preparation of monthly financial statements for 5 companies and consolidate into one financial report.• Development of forecast measurements and planning for sales objectives in each division of company. • Coordinating effort for IT to implement additional controls and procedures.• Developing tracking analytics for weekly/monthly review with CEO and COO.• Strategic planning of company objectives for project performance and treasury maintenance. • Development of relationship with banks and negotiations for LOC renewal.• Improved AR Turnover and DSO by approximately 23%.• Coordination and management of audit and state and federal tax returns.• Created procedures for Project Managers to track, document and report on their respective jobs.• Preparation of annual budgets and multi-year forecast across each company and division.• Reduced month end close by 3 days for more timely reporting. Show less

    • Mobilitie

      Apr 2017 - Apr 2018
      Business Unit Controller
    • Monarch Private Capital

      Oct 2018 - now
      Partner and Chief Financial Officer
  • Licenses & Certifications

    • Certified Public Accountant

      State of Florida
    • Chartered Global Management Accountant

      AICPA