You cannot spot reduce, i.e. reduce in one area. To rid yourself of unsightly flab, you have to do it overall.
I would recommend big lifts that work the biggest and most muscles: Deadlifts, squats, bench press, upright rows, dips, pullups.
Also, Homegrown Muscle has a great fat burner for the first eight weeks of the program and offers a good all around program. You can find it here:
http://www.menshealth.com/cda/articl...-0-199,00.html
Huge congratulations on the gains...errrr...losses thus far!