Affordable Housing Senior Vice President

4 weeks ago

Chicago IL, United States RELATED Full time

Responsibilities

Join Related Affordable , a division of Related Companies, a global leader in real estate development and management. Related Affordable is dedicated to preserving and enhancing the nation's affordable housing stock, with a portfolio spanning over 50 years and encompassing some of the largest affordable housing assets in the nation. Our team is committed to delivering quality homes and vibrant communities across the country, making a meaningful impact on the lives of residents. As we continue to grow and innovate, we are seeking a dynamic and experienced Senior Vice President of Operations to lead our Central Region portfolio consisting of 70+ properties and over 12,000 units to new heights.

Position Summary:
The Senior Vice President of Operations (Central Region) will play a pivotal role in the leadership and management of Related Affordable's growing affordable apartment portfolio. Responsible for driving operational excellence, financial performance, and organizational effectiveness, this role will lead a team dedicated to delivering exceptional service and value to our residents and investors. Reporting to the Executive Vice President of Operations, the Senior Vice President will collaborate closely with key stakeholders and executive leadership to achieve our strategic objectives and uphold our commitment to excellence.

Essential Duties and Responsibilities:
• Provide strategic leadership and direction for the Central Region portfolio, overseeing the successful management of over 70 properties and 12,000 apartment homes across 7 states.
• Foster professional relationships with owners, investors, internal partners, state agencies, and local officials, ensuring alignment with priorities and objectives.
• Assess staffing performance and needs, collaborating with Human Resources to recruit, develop, and retain top talent within the region.
• Assume direct responsibility for the operating P&L of the assigned portfolio, partnering with ownership to develop and manage budgets effectively.
• Drive operational excellence by implementing industry best practices and company standards, optimizing performance across various metrics.
• Improve performance across various operating metrics including; occupancy, affordable compliance, accounts payable, accounts receivable, capital work, unit renovations, resident and employee experience, Fair Housing, emergency response, risk/loss, special claims collection, etc.
• Hold teams accountable for regularly conducting site visits and ensuring company standards are met including curb appeal, physical needs, and site control.
• Identify and address underperforming assets with urgency and sound solutions, ensuring the highest standards of resident satisfaction and property maintenance.
• Champion a culture of community, belonging, and integrity, fostering a positive work environment where employees thrive.


Qualifications

• Minimum of 7 years strategic leadership experience in multifamily property management, with specific expertise in affordable housing required.
• Demonstrated success in managing portfolios of at least 5,000 units, including lease-ups and stabilized communities.
• Strong financial acumen, with experience managing operating budgets and driving financial performance.
• Excellent communication skills, with the ability to maintain strong relationships with diverse stakeholders.
• Proven track record of process improvement and operational results in a fast-paced, matrixed organization.
• Bachelor's degree preferred; graduate degree a plus.
• Bilingual in English and Spanish is a plus.
• Regionally located within Chicago with flexibility to travel and work outside standard business hours as needed.

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Overview

Related Affordable spearheads Related's initiatives to preserve and enhance the nation's affordable housing supply. With over 50 years of experience in affordable housing acquisitions and development, Related Affordable is renowned nationally for its financing, preservation, and rehabilitation innovation. Presently, Related Affordable manages one of the largest affordable housing portfolios in the United States. Our team is committed to the principle that everyone deserves a quality home, and we tirelessly strive to fulfill this mission in communities nationwide. Visit our website for more information: Related Affordable Housing .

Related is an Equal Opportunity Employer

Related values diversity in backgrounds and experiences. We are proud to be an equal-opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation commensurate with experience, workplace geography, and market standards.

Related will consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state, and local laws .

For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at

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