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Josef NordtmannJN

Josef Nordtmann

Interim Finance Director | Hotel Turnaround

€1,200/day
Heidelberg, DE
15+ years

Average response time: 1 hour

Freelancer profile translated to English.
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About Josef

I support hotel groups and private equity-led portfolios in creating transparency, stabilizing cash flow, and sustainably improving profit performance.

With over 15 years of experience in the hotel industry, I combine operational understanding with profound finance expertise. I work closely with CFOs, COOs, and General Managers (GMs), focusing precisely on the areas where profit and liquidity are managed: at the individual hotel level.

My approach is clearly structured and implementation-oriented: First, I create transparency through robust KPIs and valid forecasts. Based on this, I identify concrete profit levers (e.g., payroll, F&B, overheads) and define measures together with the responsible parties. Consistent follow-up and implementation are crucial.

Additionally, I bring experience in restructuring situations and in reporting to banks and private equity investors. I am familiar with the practical requirements for consolidated P&L, balance sheets, cash flow, 13-week liquidity planning, and budget and multi-year planning.

Typical focus areas:
– Performance improvement of hotel portfolios
– Cash management and liquidity (incl. cash pooling)
– KPI-based management and reporting
– PE and bank reporting
– Support in turnaround and special situations

The goal is always measurable added value: better transparency, faster decisions, and a sustainable improvement in profitability and cash flow.
  • German

    Native or bilingual

  • English

    Fluent

  • French

    Basic

Can work on-site
Heidelberg (up to 50km), Frankfurt am Main (up to 50km)

Experience

  • Achat Hotels
    Deputy Head of Financial Accounting & Controlling
    HOSPITALITY
    August 2015 - July 2025 (9 years and 11 months)
    68 Mannheim, Germany
    • Leadership of the accounting and controlling team, demonstrable process optimization and efficiency increase
    • Successful management of the implementation of software solutions such as Fairmas, DATEV, Allinvos.
    • Development of comprehensive liquidity plans, including 13-week, monthly, and annual planning, to ensure financial stability.
    • Reporting to shareholders (Private Equity) and banks to promote financial transparency and support business decisions.
    Liquidity Planning Datev Restructuring Financial Reporting Private Equity
  • Achat Hotels
    Deputy Head of Financial Accounting
    HOSPITALITY
    July 2011 - August 2015 (4 years and 1 month)
    68 Mannheim, Germany
    • Implementation of a digital invoice management system ELO to increase efficiency
    • Management of accounts payable, improvement of payment processes
    • Preparation of monthly and annual financial statements for financial transparency
    • Creation of ad-hoc analyses for decision support
    • Optimization of costs at hotel and HQ level for maximum profitability
    • KPI analysis and strategic recommendations to C-level
    Implementation Digitalization KPI Analysis Annual Financial Statement Preparation Management Reporting
  • Marriott International
    Financial Accountant
    HOSPITALITY
    April 2010 - June 2011 (1 year and 3 months)
    65760 Eschborn, Germany
    • Ensured bank accounting in the shared service center
    • Accounts payable and payment processing for individual hotel companies
    • Account reconciliation to ensure financial accuracy and transparency
    Accounting Cash Management Payment Transactions VAT Accounts Payable

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Education

  • Bachelor of Arts
    IBA International University of Applied Sciences
    2009
    Bachelor of Arts
  • BA
    IBA International University of Applied Sciences
    2009
    BA

Skill set

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