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LOLC Myanmar

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Vision To create an efficient social enterprise that promotes inclusive finance with highest ethical standards and best practices. Mission Be a sustainable partner to uplift the socio economic conditions of Myanmar through financial inclusion of undeserved.
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About LOLC Myanmar

Employer Details

  • Type: Direct Employer
  • Industry: Banking/ Insurance/ Microfinance
  • No. Employees: 501 to 1000

Address

No.163, Shwe Hnin Si Kan Street, (5) Ward, Mayangone Township, Yangon.,Yangon, Myanmar

Company vision and mission

Vision
To create an efficient social enterprise that promotes inclusive finance with highest ethical standards and best practices.

Mission
Be a sustainable partner to uplift the socio economic conditions of Myanmar through financial inclusion of undeserved.

What we do

LOLC Myanmar Micro-Finance Company Limited (LMMF) is a deposit taking micro finance institution established in 2013. The Company is committed to promote inclusive finance with the highest ethical standards and best practices. LMMF focuses on lending to the Micro Sector with social responsibility. It is a fully owned subsidiary of the LOLC Group in Sri Lanka, conducting overseas business in Cambodia, Pakistan, Indonesia and Myanmar through 33 branches in the Yangon & Bago Regions and Mon State.

LMMF provides Micro-Finance and Non-Financial Services to underprivileged people without access to Formal Financial Services assisting them to progress out of poverty by uplifting their lives economically and socially. Micro-Finance Services include Micro-Credit, Micro-Savings & Financial Literacy Training.

Our workplace and culture

LOLC is a company with diversified business & a multinational The most unique feature of the company is its women centric business model. Over 75% of its works force consist of women and over 95% of its borrowers are women.

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All LOLC Myanmar Jobs
Assists with configuration and maintenance of database server; co-banking systems; and application tools Documents and maintains database configuration change diagrams, and key process information. Codes database descriptions and specifies identifiers of database management system in the production and test environments. Provide MIS back-end reporting for the business users by executing complex SQL queries in timely manner. Tests and corrects errors, and refines changes to the database and application systems. Determines and documents database policies, procedures, and standards and application related policies and procedures. Performs test and evaluations regularly to ensure database security, procedures, privacy, and integrity. Monitors database performance, distribution of records, and the amount of available memory, implements database changes, and updates versions. Plans and performs database backup and recovery. Performs new system installations, upgrades, and new project testing and implementation from a software application perspective, in coordination with the IT team and outsourced managed services, and specific product vendors. Do month end process executions and year-end process executions, system product creations, System parameter set-up. Monitors designated applications and takes corrective action to prevent or minimize system downtime. Ensures all functions of Co-banking system effectively work with all other applications and operating systems. Carry out special tasks at Management's direction Prepare process documents, user manuals, policies based on the guidance of the Application support manager. Do software trainings and other required IT trainings to the Business users and other related parties. Actively involve to the new project implementation related activities. Interact with customers and staff at the technical level, as required for database and application issues. Other duties as assigned.
Branch Financial & Assets Management:Collaborate closely with the Branch Manager to monitor branch costs and financial performance. Work together to achieve the branch's break-even point (If it a new Branch) and subsequently ensure sustained profitability. Safeguard the branch assets, this include informing relevant authorities if there is any kind of misuse cases. Loan File and Disbursement:Review the loan files that Credit Officers submit for approval by the Branch Manager. Enter the approved loan details into the Management Information System (MIS) and prepare essential documents like loan agreements and cards for the disbursement process. Reviewing and checking the loan files and input the CA appraisal in system Loan and Saving Disbursement:Responsible for disbursing loans to both groups and individuals. Manage the disbursement of funds from saving accounts when customers request withdrawals for cash flow management Create the saving accounts and issuing the passbook to customer or credit officer Documentation and Fillings Managements Accurate and reconcile for daily transactions process and enter to MIS system and maintain the filling system for day to day transactions and update to BM Maintain the custodial files and follow up process and if any deviation that inform to BM Maintain the stationary and printing stock and follow up process and inform to BM Maintain the asset movement ensure the updating in register and ground checking process and update report to BM Accuracy and maintain for all registers and if any deviation that inform to BM Others Checking the pre-settlement transactions who asked by CO, BM Loan to Loan change process Loan Written Off which is including the loan and saving settlement process Overdue Written Off Process according to approval Dead Member Setting off process according to approval Regarding the system related matter as a example duplicate CID happen and mobile phone number checking and correction process in system Follow up for phone calling for partial payment Updating the Compulsory saving interest capitalization in saving card Supervision and Manage: FAO is Responsible for teller Function Supervision: Oversee the teller operations, ensuring accurate handling of cash. Monitor the data entry process for collection through financial services activities. Supervise the collection of cash from customers during front office loan repayments and deposits, Make sure zero Finance related misuse cases. 3. Secondary Responsibilities System Updates and Data Entry:Maintain the accuracy of the accounting data used in day-to-day operations. Checking for loan repayments and customer deposits. Ensure that all data entries are timely and error-free. Banking and Cash Handling:Make sure that bank deposits are made on time and accurately recorded in the respective company accounts. Oversee the management of cash in the vault, petty cash float, and saving float. Maintain strict control over access to the cash safe key. Authorized signatory for Branch Bank Account. Support to Documentation:Prepare necessary documents such as loan agreements, loan cards, and saving cards for disbursement. Keep organized and up-to-date records of custodial loan files.
Market Research and Analysis Support market research to identify potential clients and market trends. Analyse competition and identify opportunities for differentiation and market penetration. Stay updated on regulatory changes and industry developments affecting microfinance. Client Acquisition Identify and target potential clients in underserved communities or target markets. Support and make suggestion the strategies to acquire new clients, including individual borrowers and lending programs. Relationship Building Establish and maintain strong relationships with other department, branches and also customer. Build trust and rapport with clients to foster loyalty and repeat business. Product Promotion Organization marketing activities to promote microfinance products and services to potential clients. Educate about loan options, repayment terms, and other financial services. Reporting and Analysis Prepare regular reports on business development activities, client acquisition, and portfolio growth. Analyze data to identify trends and areas for improvement. Financial Targets Contribute to the overall financial performance and sustainability of the microfinance institution.
CCTV & Solar Power System Installation and maintenance Branch Infrastructure set up new branch opening as office renovation and maintenance Delivery Arrangement Printing and Stationary to Branches for quarterly Stamp Duty Tax and Signboard Tax Supporting to new branches opening and relocation Visa & FRC renewal Assigned by department manager General Administration Function
LOLC Myanmar Awards