The Insurance Development and Regulatory Authority (IDRA), Bangladesh’s statutory watchdog for the insurance sector, has announced plans to appoint a senior accounting consultant on a full-time contractual basis for an initial period of two years, with provision for renewal depending on performance and institutional needs. The decision signals a clear policy direction towards reinforcing financial discipline, strengthening internal oversight, and accelerating the authority’s transition to a fully digitised accounting and reporting system aligned with modern governance practices.
According to the official circular, applications have been invited from qualified Bangladeshi nationals, with 29 December 2025 set as the closing date for submission. The role is positioned as a strategically significant appointment within the authority, reflecting IDRA’s growing focus on transparency, accountability, and prudent financial management at a time when regulatory institutions face increasing public and international scrutiny.
The appointed consultant will be entrusted with safeguarding the financial integrity of the authority, effectively acting as its internal auditor. Key responsibilities will include the preparation of annual financial statements, maintenance of accurate accounting records, and regular bank reconciliation to ensure consistency and reliability in financial reporting. Addressing audit objections raised by external auditors or oversight bodies will also form a central part of the role, alongside ensuring that corrective measures are implemented strictly in accordance with applicable laws, regulations, and financial standards.
In addition to technical accounting duties, the consultant will serve as an adviser to senior officials on audit findings, accounting procedures, and financial risk management. This advisory function is expected to support evidence-based decision-making and contribute to a stronger culture of compliance and accountability within the organisation.
Beyond routine financial supervision, IDRA has framed the position as a vehicle for broader institutional capacity building. The consultant will be expected to train officers and staff within the accounts wing, enhancing their technical skills and familiarising them with contemporary accounting practices. A major component of the assignment will involve taking a leading role in the design and implementation of a digital accounting framework, helping the authority move away from manual or semi-manual systems towards a more automated, efficient, and transparent financial management structure.
In terms of eligibility, applicants must possess at least a second-class Bachelor’s degree and a Master’s degree in Accounting or an equivalent discipline from a recognised university. Preference will be given to candidates who have completed the Chartered Accountancy course, reflecting the seniority and technical demands of the position. Applicants must be at least 40 years of age and have a minimum of 10 years’ relevant professional experience in accounting, auditing, or financial management, ideally within public sector bodies or regulatory institutions.
Remuneration will be determined through mutual discussion and governed by the terms of the contract, allowing flexibility based on qualifications and experience. IDRA has noted that only shortlisted candidates will be invited for interview.
Analysts observe that this recruitment initiative underscores IDRA’s intent to strengthen internal financial controls and align its practices more closely with international best standards. As the authority continues to modernise its operations, the appointment of an experienced accounting consultant is widely expected to play a crucial role in enhancing institutional credibility, improving operational efficiency, and reinforcing public confidence in Bangladesh’s insurance regulatory framework.