The Insurance Development and Regulatory Authority (IDRA), the statutory regulator overseeing Bangladesh’s insurance sector, has taken a significant step towards strengthening its internal financial governance by announcing plans to appoint a senior accounting consultant on a full-time contractual basis. The appointment will be made initially for a period of two years, with the option of renewal subject to satisfactory performance and evolving institutional requirements. This move clearly reflects IDRA’s strategic intent to reinforce financial discipline, enhance internal oversight, and accelerate its transition towards a comprehensive, fully digitised accounting and reporting system aligned with modern governance standards.
According to the official circular issued by the authority, applications have been invited from eligible Bangladeshi nationals, with 29 December 2025 set as the deadline for submission. The position has been described as strategically important within the organisation, underscoring IDRA’s growing emphasis on transparency, accountability, and prudent financial management. At a time when regulatory bodies are under increasing scrutiny from the public, policymakers, and international stakeholders, the recruitment signals a proactive approach to strengthening institutional credibility and operational integrity.
The selected consultant will be entrusted with safeguarding the financial integrity of the authority, effectively functioning as its internal auditor. Core responsibilities will include the preparation of annual financial statements, maintenance of accurate and up-to-date accounting records, and the regular reconciliation of bank accounts to ensure accuracy and consistency in financial reporting. Addressing audit objections raised by external auditors or oversight agencies will also be a key component of the role, alongside ensuring that corrective measures are implemented strictly in line with applicable laws, regulations, and recognised financial standards.
Beyond technical accounting functions, the consultant will play an advisory role for senior management, providing expert guidance on audit findings, accounting procedures, compliance issues, and financial risk management. This advisory responsibility is expected to support evidence-based decision-making and contribute to fostering a stronger organisational culture centred on compliance, accountability, and sound financial practices.
Importantly, IDRA has framed the role as a catalyst for broader institutional capacity building rather than a narrowly defined technical assignment. The consultant will be expected to train officers and staff working within the accounts wing, enhancing their professional skills and familiarising them with contemporary accounting and auditing practices. A major focus of the assignment will be the design and implementation of a digital accounting framework, enabling the authority to move away from manual or semi-manual processes towards a more automated, efficient, and transparent financial management system.
In terms of eligibility, applicants must hold at least a second-class Bachelor’s degree and a Master’s degree in Accounting or an equivalent discipline from a recognised university. Candidates who have completed the Chartered Accountancy course will be given preference, reflecting the seniority and technical complexity of the position. Applicants must be a minimum of 40 years of age and possess at least 10 years of relevant professional experience in accounting, auditing, or financial management, preferably 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 experience and expertise. IDRA has clarified that only shortlisted candidates will be invited for interview.
Observers believe this recruitment initiative highlights IDRA’s determination to strengthen internal financial controls and align its accounting practices with international best standards. As the authority continues to modernise its operations, the appointment of an experienced accounting consultant is expected to play a pivotal role in enhancing institutional efficiency, reinforcing regulatory credibility, and strengthening public confidence in Bangladesh’s insurance governance framework.