IDRA Seeks Senior Accounting Consultant to Strengthen Oversight

The Insurance Development and Regulatory Authority (IDRA), the statutory regulator of Bangladesh’s insurance sector, has announced plans to recruit a full-time accounting consultant on a two-year contractual basis, with the possibility of renewal subject to performance and organisational requirements. The move reflects IDRA’s growing emphasis on strengthening financial discipline, improving internal oversight mechanisms, and accelerating its transition towards a modern, digital accounting system in line with contemporary governance standards.

According to the official notice, applications have been invited from eligible Bangladeshi nationals, with 29 December 2025 set as the final date for submission. The selected consultant will play a pivotal role in safeguarding the financial integrity of the authority, functioning effectively as an internal auditor while supporting senior management in matters related to accounting, audit compliance, and financial reporting. The position is regarded as strategically important, particularly at a time when regulatory bodies are under increasing pressure to demonstrate transparency, accountability, and efficient use of public resources.

One of the core responsibilities of the accounting consultant will be the preparation of annual financial statements and periodic bank reconciliation reports, ensuring that all records accurately reflect the authority’s financial position. The consultant will also be tasked with addressing audit objections raised by external auditors or oversight agencies and ensuring that corrective measures are implemented in accordance with applicable financial rules and standards. In addition, the role includes providing expert advice to the relevant authorities on accounting practices, audit observations, and financial risk management.

Beyond routine financial supervision, the position has been designed with a broader institutional development objective in mind. IDRA expects the consultant to contribute actively to capacity building within the organisation by training officers and staff working in the accounts wing. A key expectation is that the consultant will take a leading role in designing and implementing a digital accounting framework, helping the authority move away from manual or semi-manual systems towards a more automated, transparent, and efficient financial management structure.

In terms of qualifications, 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 technical nature and seniority of the role. Applicants must be a minimum of 40 years of age and have at least 10 years of relevant professional experience in accounting, auditing, or financial management, preferably within public sector or regulatory institutions.

Remuneration will be determined through mutual discussion and governed by contractual terms, offering a degree of flexibility based on experience and expertise. IDRA has clarified that only shortlisted candidates will be invited to attend interviews.

Observers note that this recruitment initiative signals IDRA’s intent to reinforce internal financial controls and align its accounting practices with international best standards. As the insurance regulator continues to modernise its operations, the appointment of an experienced accounting consultant is expected to play a crucial role in enhancing institutional credibility, operational efficiency, and public trust in the regulatory framework governing Bangladesh’s insurance industry.