Octavia Hill Association seeks new President and CEO

Octavia Hill Association (OHA) is a mission-driven organization that has been providing high quality rental housing to Philadelphia households for more than 120 years.

OHA was founded in 1896 to provide spacious row homes to working people of limited means, while providing investor/shareholders with a 3% return.  “Friendly rent collectors” provided guidance and support to tenants and assured that rental units were maintained to high standards. The OHA portfolio has now grown to 449 rental units located in a number of neighborhoods across the city.  The portfolio includes a mix of units, some of which were developed using Low Income Housing Tax Credits (LIHTC) or other subsidy programs and remain subject to affordability restrictions and ongoing compliance requirements. 

OHA is a shareholder-owned corporation. The largest shareholder is Community Ventures, a non-profit affordable housing developer.  The two organizations routinely engage in consultative services with each other, principally with respect to property management and development services.  Each is governed by an independent Board of Directors.  From time to time, the boards meet jointly and there are several individuals that serve on the boards of both organizations.  The annual operating budget of the Association and its affiliated partnerships exceeds $4 million. 

President and CEO

The President and CEO is responsible for the day-to-day management of the organization and its fifteen-person staff.  This includes oversight of the management of the rental portfolio to achieve budgeted financial returns, acceptable vacancy rates, and ongoing maintenance sufficient to protect organizational assets and ensure quality of life for tenants.  This individual will also be responsible for developing – with Board engagement – a longer term capital plan for the portfolio intended to preserve and leverage existing assets and to identify opportunities for future development. 

The President and CEO reports directly to the Chair of the OHA Board of Directors and assists in setting agendas for the board and its standing committees.  The President and CEO is also responsible for shareholder relations and communications, including preparation of the Annual Report and coordination of the annual stockholder meeting.

Responsibilities
• Oversee all aspects of company management with a focus on fiscal management and portfolio quality.
• Direct staff property management activities: leasing, rent collections, routine maintenance, vacancy management and unit turnover, tenant retention.  Establish annual performance metrics for property management and maintenance and monitor performance.
• Prepare annual operating and capital budgets for OHA and its operating partnerships; evaluate major capital improvement projects based on market conditions and prospective return on investment.
• In partnership with the Board, develop a multi-year strategic and asset management plan to identify longer term capital improvement needs of existing portfolio and identify potential opportunities for new unit development. 
• Foster strong ongoing partnership with Community Ventures; work with staff and Board leadership to identify additional opportunities to partner in order to leverage the strengths of the respective organizations to achieve operational efficiencies.
• Prepare and review monthly and quarterly financial and operational reports for internal use, for presentation at quarterly board meetings, and to address questions from lenders and other stakeholders.
• Manage the overall financial condition of the organization: profitability, cash management, investment, debt management.
• Manage relationships with partners/vendors.
• Establish policies and priorities to promote positive company culture and ensure staff alignment with organizational objectives.

Qualifications
The successful candidate will possess strong leadership qualities, high ethical standards, demonstrated attention to detail, ability to interface with outside public and private officials and executives, familiarity with financial statements and accounting principles, and an 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 preferred.

Experience
• Bachelor’s degree required. Advanced Degree preferred
• Minimum of 10 years of experience in property/facilities management.
• Project management experience and demonstrated understanding of construction management process.
• Prior experience in managing staff members and/or in leadership positions with increasing responsibility. 
• Experience with LIHTC, Section 8 vouchers and other affordable housing subsidy programs strongly preferred. 

Skills
• Highly organized and detail oriented with demonstrated ability to prioritize and complete conflicting deliverables on-time.
• Ability to balance day-to-day functions with “big picture” perspective.
• Strong understanding of financial statements, cashflows, budgeting and basic accrual accounting principles. 
• Ability to communicate effectively to diverse audiences; strong verbal and writing skills.
• Proficiency in Word and Excel.
• Experience with integrated Property Management/accounting software preferred.

Salary
Salary is negotiable, but in a range of $95,000 to $130,000 based on experience.  Benefits include medical and dental insurance and a 401(k) retirement plan.

To Apply
Please email your resume and a cover letter.

OHA uses E-Verify to validate all new hires' ability to legally work in the United States. OHA is an Equal Opportunity Employer.  We do not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job related disability, or status as a veteran.  Minority candidates are strongly encouraged to apply. OHA is committed to diversity, equity and inclusion (DEI) throughout our organization.


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