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LOLC Myanmar

Premium Verified This Company has been
Verified or Registered as Real.
This Company has been
Verified or Registered as Real.
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.
About LOLC Myanmar

Employer Details

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

Address

No(22), South Race Course Street, Tamwe Gyi (Ka Kha) Ward, Tamwe 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
Daily Banking Operations Monitor all daily bank account transactions and cash movements to maintain optimal liquidity and fund tracking. Download daily bank statements from various internet banking platforms to ensure timely access to financial data. Verify the completeness and accuracy of all incoming and outgoing bank transactions against internal records. Maintain accurate daily bank transaction registers and physical/digital records for audit readiness. Ensure all treasury transactions are properly supported by valid documentation and authorized according to company approval policies. DFS Transaction Management Download and review daily Digital Financial Services (DFS) collection reports to ensure accurate tracking of all digital inflows. Share detailed collection reports with the Collection and Operations teams to facilitate timely operational updates and reconciliation. Monitor incoming digital payment collections in real-time to maintain up-to-date cash flow visibility. Investigate all unmatched, failed, or pending DFS transactions to resolve payment issues promptly. Internet Banking Operations Process online payments efficiently through corporate digital platforms to meet disbursement deadlines. Perform interbank and intra-bank transfers to optimize fund distribution and meet company payment obligations. Maintain comprehensive payment schedules and digital transaction logs to track payment status accurately. Ensure all payment transactions strictly adhere to established corporate authority limits and internal delegation rules. Safeguard internet banking credentials and security tokens diligently to prevent unauthorized system access. Bank Account Management Maintain comprehensive and updated records of all corporate bank accounts, including authorized signatories and account details. Monitor account balances and funding requirements daily to ensure adequate liquidity for operational needs. Coordinate directly with banks to handle routine account maintenance, updates, and service requests. Assist in the formal processes for opening new bank accounts and closing obsolete ones in compliance with corporate policies. Monitor bank charges, interest rates, and transactional fees regularly to ensure accuracy and optimize banking expenditures. Bank Reconciliation Perform daily, weekly, and monthly bank reconciliations to ensure continuous oversight of the company's cash position. Reconcile bank statements comprehensively against internal accounting records to identify any omissions or errors. Investigate all outstanding and unreconciled items actively to determine the root cause of discrepancies. Prepare formal bank reconciliation reports regularly for review and managerial sign-off. Resolve all identified reconciling differences and variances in a timely manner to maintain data integrity. Supplier Payment Confirmation Confirm payment receipts directly with suppliers to ensure all disbursements are successfully acknowledged. Share transaction confirmations and bank transfer advices with suppliers immediately upon payment execution. Respond to all supplier inquiries regarding payment status, timelines, and remittance details in a professional manner. Maintain orderly, complete records of all processed supplier payments and communication logs for tracking and audit purposes. Coordinate closely with the Accounts Payable (AP) and Procurement teams to resolve payment issues and streamline vendor relations Secondary Responsibilities Work closely with Finance, Accounting, and Operations Teams to ensure alignment. Provide guidance and support to junior finance staff on treasury-related matters.
LOLC Myanmar Awards