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LFS is a German consulting and management firm specialized in Micro, Small and Medium Enterprise (MSME) finance projects in developing and transition countries. LFS’ main clients and partners are international financial institutions and development agencies including the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the International Finance Corporation (IFC), KfW Development Bank, and the World Bank.

In addition to the provision of advisory services to banks and non-banks in the MSME finance field, LFS is the founder and lead investor in Access Microfinance Holding AG in Berlin, Germany, which operates a growing network of currently ten microfinance banks, all of which are managed by LFS.

We are looking in Africa, Central Asia, MENA region for a

Trainee Microfinance Banking

TC/LFS01

Tasks & Responsibilities

as well as structure of the training programme

The aim of our training programme is to acquaint new staff with the LFS lending methodology and tools as well as with the roles and responsibilities in a micro, small and medium enterprise (MSME) finance bank. The nine-months training takes place in an Access network bank.

After the training, Junior Banking Advisors are ready to take over first management resposibility in another Access network bank.

The training location is selected based on the experience and language skills of the trainee, as well as on project capacities and vacancies. Throughout the training, trainees are involved in the daily operations of the bank. Trainees are part of the LFS team on the ground and cooperate closely with the local staff in the bank.

Content of the training programme

According to our experience, the best way of gaining knowledge and skills is training on the job. Therefore, throughout the training, trainees are directly involved in the operations of the Access network bank. A large part of the training usually takes place in the credit department. Trainees accompany loan officers and/or build up their own portfolio of microloans. This enables trainees to acquire a good understanding of the micro lending technology as well as the products and customers of the bank. For most trainees, the work as a Loan Officer is a challenging but very rewarding experience, especially in view of future tasks in management and consulting roles.The training also involves getting to know non-credit departments of the bank, namely the retail department (Client Advisors, Cashiers, Back Cfficers, and alternative channel projects) and head office functions. Also, trainees participate in branch and bank activities that take place in the course of the trainee programme.
Finally, as a preparation for future management tasks, assisting the Branch Manager, participating in soft skills trainings, and taking on some consulting and management tasks in the LFS team are valuable experiences.

What happens after the traineeship?

As LFS Banking Advisor and during the training, you will spend more time in markets and in clients' shops and houses than in an office, especially in the beginning of your career.
The work within local teams requires a high degree of intercultural sensitivity, communication and leaderships skills. Those have to complement the obligatory technical skills.
A career with LFS involves long-term stays in developing and transition countries (up to many years).
LFS tries to consider country and regional preferences of LFS Trainees and Banking Advisors; however, they may have to be subordinated to the capacities and requirements of projects and the company.

Minimum Requirements

  • Masters degree in economics, business, microfinance, agriculture or finance-related field; Applications will also be considered from graduates in other fields with good quantitative skills
  • Apprenticeship in banking would be advantageous
  • Interest in a long-term career in the field of microfinance
  • First work experience or internships in the field of Branchless Banking, particularly Digital Finance
  • 1-2 years professional experience, including first relevant experiences, e.g. in SME and/or Agri-Finance, and (Corporate) Finance
  • Living or work experience in a developing or transition economy, candidates from the MENA region are invited to apply for a career in upcoming projects
  • Excellent command of English and preferably one of the following languages: Arabic, French, Portuguese, Russian or Spanish. Additional languages would be an asset
  • Motivation for a long-term assignment in developing or transition countries
  • Evidence of a sense of responsibility, creativity and commitment to excellence

How to apply

Applications, including a covering letter and CV, should be submitted online.

Please find more information visiting our website
If you would like to join our dynamic team please apply online, submitting your CV and motivation letter in English.
Apply now

LFS Financial Systems GmbH

Schönhauser Allee 10-11

10119 Berlin

Tel.: 030.30.87.47-0

www.lfs-consulting.de

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