After the retirement, Okudera became a president at JEF United Ichihara (former "Furukawa Electric") in 1994. He also served as a manager in 1996. In 1999, he became a president at new club Yokohama FC. Okudera was selected Japan Football Hall of Fame in 2012 and Asian Football Hall of Fame in 2014. In October 2017, Yokohama FC manager Hitoshi Nakata was sacked, Okudera managed the club as caretaker.