The Insurance Development and Regulatory Authority (IRDA) has officially invited applications from qualified individuals and institutions for listing as Chartered Secretaries within the insurance sector. Interested candidates and firms are required to submit their complete application forms along with all necessary supporting documents to the relevant office by 5:00 pm on 25 January. The application window commenced on 5 January and will remain open until the deadline.
According to the IRDA notification, listed Chartered Secretaries or institutions will be entrusted with key responsibilities including secretarial compliance, corporate governance oversight, independent review functions, and other duties as assigned by the Authority. Professionals in this role will play a pivotal role in ensuring transparency, accountability, and adherence to professional standards across the insurance industry. The specific scope of duties and authority for each appointment will be determined during the selection process.
Eligibility Criteria and Professional Experience
IRDA has outlined the following qualifications for applicants:
| Criterion | Requirement |
|---|---|
| Educational Qualification | Must hold membership as an ‘Associate Chartered Secretary’ from the Institute of Chartered Secretaries of Bangladesh (ICSB) |
| Professional Experience | Minimum of 2 years in a financial institution; total professional experience of at least 5 years |
| Preference | Candidates with prior experience in the insurance sector will be given preference |
Disqualification Conditions
Applicants will be considered ineligible under the following circumstances:
| Condition | Description |
|---|---|
| Legal | Candidates convicted or penalised by any court are ineligible |
| Regulatory Blacklist | Applicants previously blacklisted or suspended by any regulatory authority will not qualify |
Required Documentation
Applicants are required to submit the following documents along with their application:
| Document | Details |
|---|---|
| Membership Certificate | Copy of ICSB membership certificate |
| Regulatory Listing Proof | Recognition from Bangladesh Bank, National Board of Revenue, or Bangladesh Securities and Exchange Commission |
| Work Experience Evidence | Documentation of professional experience over the last five years |
| Conduct Assurance | Certification of disciplined conduct from ICSB or other regulatory authorities |
| Tax Identification | Proof of TIN and BIN registration |
The IRDA emphasises the importance of submitting complete and timely applications. Selected candidates will assume responsibility for maintaining high standards of corporate governance and transparency within the insurance sector. Their work will be integral to promoting professional ethics, regulatory compliance, and the sustainable development of the insurance industry in Bangladesh.