Richard G. Ciolli

Senior Vice President
Email address: rciolli@kafafiangroup.com
Extension Number: 119

Mr. Ciolli is Senior Vice President of The Kafafian Group, Inc. and is responsible for developing and implementing profitability measurement solutions for financial institutions. In addition, he has over 30 years of controllership and operations experience and will assist clients with the interpretation of profitability results, and assist these clients in the profitability decision-making process. He has developed numerous client applications in Funds Transfer Pricing and Activity-based Costing systems for several major profitability vendors.

Mr. Ciolli was Senior Vice President in charge of Strategic Planning and Corporate Profitability at Trust Company Bank of New Jersey (now North Fork Bank), where he was responsible for product profitability reporting, budgeting, and managerial accounting. He conducted numerous special profitability feasibility studies as well as monitored the on-going state of corporate profitability within the bank’s strategic business goals and objectives.

As a Principal Business Consultant for HNC Software Inc., Mr. Ciolli was responsible for product implementation of HNC’s profitability analysis solutions. He is a popular speaker at national and regional banking conferences for the Bank Administration Institute and Association for Management Information in Financial Services.

Prior to joining HNC, he was Senior Vice President of the management consulting services division of Hopper Soliday & Co. (now RBC Capital Markets). His previous banking positions include: Senior Vice President and Controller of Dime Savings Bank of New York (now Washington Mutual), Vice President and Controller of Bradford Trust Company (now Bank of New York), Vice President-Payment Services, First Fidelity Bank (now Wachovia Bank), and Vice President-Profit Improvement, First Fidelity Bank. He began his career with KPMG. Mr. Ciolli is a Certified Public Accountant and has a B.S. in Finance from Fordham University and an MBA in Management from Fairleigh Dickinson University. He has over twenty-five years of experience in the financial industry, spanning the finance, operations, consumer lending, and data processing areas of financial institutions. He has been involved in the design, development, and implementation of systems for profitability analysis, funds transfer pricing, item costing, and performance measurement.