Yes, you can lose the fat you want. Your success (or rate thereof) will depend partly on your genetics/age and partly on your effort.
You cannot control your genetics/age, but you can control your Diet and Exercise.
Diet: Eat smaller meals and more of them. Eat the right food in the right combination (ie; each meal should contain the appropriate amount of protein, carbs and fat -- stay away from processed foods, sugar and foods that contain saturated and trans fats)
Exercise: If you have time, do both cardio and weight training (aerobic and anaerobic). Lean muscle mass is your friend.
Finally, it is a difficult balance so you may also want to see a Dr. who can tell you your metabolic rate (how many calories you burn naturally), check you for nutrient balance, etc. Once you have that data you can then measure your caloric intake vs. expenditure and design a diet and exercise program that will give you the desired caloric deficit that you can maintain until you get the desired results.
Then you can up your caloric intake to maintain your results.