The President is the chief executive and operating officer of the Association (OHA). The President oversees the rental management operations of approximately 400 housing units in Philadelphia, both market-rate and affordable, and is in charge of new development, refinancing, sales, and major renovations. The President directly supervises three property managers, a controller, and an office assistant. The property managers, in turn, supervise several assistant property managers, maintenance and support staff. The annual operating budget of the Association and its affiliated partnerships exceeds $4 million.
The largest shareholder of OHA is Community Ventures, a non-profit housing developer. OHA manages part of the Community Ventures affordable housing portfolio, and Community Ventures provides consulting services to OHA. The OHA and Community Ventures boards meet jointly form time to time and have some overlapping members.
The property management function encompasses all basic areas of rental property management, including turnover of vacant units, marketing, leasing, collections, capital improvements, and tenant retention. Through the property managers, the President monitors rent collections and reviews the status of vacant units on a weekly basis. In some cases, the President authorizes major capital improvements or upgrades based on market conditions and prospective return on investment. Also through the property managers, the President supervises tenant retention efforts that comprise efficient handling of maintenance work orders and other tenant requests.
The accounting function, overseen by a controller and accounting clerk, includes oversight of the general ledger, accounts payable, and cash management. The President prepares annual operating and capital budgets for the Association and its operating partnerships, and also prepares and reviews monthly and quarterly financial and operational reports for internal use, in response to requests from lenders, and for presentation at quarterly board meetings.
The development function includes major reconstruction/refinancing of existing properties and acquisition or development/construction of new properties. Community Ventures may play a role in development of some projects depending on scope and financing requirements.
The successful candidate will possess strong leadership qualities, high ethical standards, demonstrated attention to detail, ability to interface with the outside public and private officials and executives, public speaking ability, familiarity with accounting principles and financial analysis, budgeting, and reporting, and extensive knowledge of the rental property management business. Excellent writing skills are also necessary. Experience in the development process, including working with lenders, architects, contractors, neighborhood interest groups, public officials, consultants, and other key stakeholders is required as well.