Government of the People's Republic of Bangladesh
Bangladesh Insurance Sector Development Project
Insurance Development and Regulatory Authority
Financial Institutions Division, Ministry of Finance
Subject: Request for Expression of Interest (REOI) for Finance Associate & Project Associate.
The Government of the People's Republic of Bangladesh (GoB) has received a credit from the International Development Association (IDA) towards the cost of Bangladesh Insurance Sector Development Project to be implemented by the Insurance Development & Regulatory Authority (IDRA) and intends to apply a part of the proceeds of this credit for hiring the following Associates for the project.

A.    Services Name: Finance Associate (FA)

Number of the post: 1 (one)

Package Number: S-1.7-2

Duties and responsibilities of FA:

The duties and responsibilities of the Finance Associate along with the key requirements for the position are defined below:
•    Full compliance with IDA and GOB rules, regulations, and policies of financial activities, financial recording/reporting system and follow-up on audit recommendations;
•    Maintaining Books and Accounts and relevant registers
•    Provide information/reports to IMED/ERD/MOF/IDRA/IDA and other various stakeholders on the Project's financial performance.
•    To record commitments, expenditure and performance of contracts and a system for generating periodic contract status reports; and to process bills for payment.
•    To integrate with the accounting system to enable comparison of actual performance with budgetary targets periodically; and to ensure that financial forecasts are based on projected work programs and actual performance
•    To ensure that a satisfactory system of internal controls operates; to ensure use of financial powers, delegated or otherwise; to ensure an adequate internal check and control system to safeguard physical assets; and to ensure timely periodic and regular reconciliations.
•    Prepares the yearly planning of the financial needs for forthcoming periods based on DPP/FA/PAD/ Procurement Plan.
•    Timely and accurately recording financial transactions in a Computerized Accounting System (CAS) and accurate and efficient reporting requirement consistently.
•    Maintenance of DA Account/CONTASA & monthly bank reconciliation correctly and timely.
•    Prepare document for timely replenishment of donor's fund and submission of withdrawal application with supporting documents.
•    Prepare draft quarterly Interim Unaudited Financial Report (IUFR) and ensuring their timely submission to IDA.
•    Prepare draft annual and quarterly disbursement forecast for all component of the project in line with the procurement and implementation plan.
•    Assist both external and internal auditors in carrying out audit by providing necessary financial information and respond to the audit queries.
•    Perform any other duty, as and when, delegated by the Authority.

Qualification for Finance Associate:

Masters or MBA in Accounting/Finance/Management or related field is a must. Partly passed in CA/CMA/ACCA examination or Chartered Accountancy article ship completed will get preference.

Experience & Specific Skills for FA:

•    Minimum five (5) years of work experience in Accounts/financial management in Government/Semi-Government institutions/private sector. Experience in Multilateral Development Banks (MDBs) financed project will get preference.
•    Extensive knowledge of Government budgeting, fund release and reporting requirements
•    Extensive knowledge of IDA's financial management and disbursement procedures
•    Excellent spoken and written Bengali and English skills

B.    Services Name: Project Associate (PA)

Number of the post: 1 (one)

Package Number: S-1.9

Duties and responsibilities of PA:

The duties and responsibilities of the Project Associate along with the key requirements for the position are defined below:
Under the general supervision and guidance of the Project Director, Project Management Specialist, he/she will be responsible for the following:
•    Assistance to facilitate and monitor project activities;
•    Assistance in drafting work plans, TORS and progress reports, supervise work of consultants for project activities
•    Monitor overall progress on achievement of results, based on the indicators.
•    Prepare project management, coordination and implementation reports
•    Participate in visit to the project site(s) as required, and assistance to collect information to prepare reports
•    Assistance in compiling statistics and information from monitoring visits.
•    Perform any other duty delegated by the Authorities

Qualification for Project Associate:

Master or B.Sc. in economics, business administration, finance, accounting, engineering (Computer Science Computer Science and Engineering/Electrical and Electronics Engineering/ICT/ Information System Security)

Experience & Specific Skills for PA:

•    Minimum 5years of combined work experience in finance, business administration, accounting, procurement;
•    Minimum 3 years of procurement experience with impeccable reputation and knowledge of the procurement guidelines and requirements for the World Bank-financed projects;
•    Excellent computer skills in Microsoft Office tools (Word, Excel, and Power Point) Internet use including database use is required;
•    Fluent verbal and written Bengali and English;
•    Strong interpersonal skills, integrity, proactivity, ability to work in a team under time pressure and strict deadlines.

N.B.: Please see the TOR for detailed description of assignment.

Duration: 10 (ten) months. However, the duration of the assignment may be increased or decreased according to the availability of the associates, project needs and budget.
IDRA: now invites applications from eligible applicants to express their interest in providing their services (complete CV with detail information about employment history with duties and responsibilities, current remuneration, expected remuneration, academic details, major publications (if any), one copy passport size photograph, contact address including telephone number & e-mail). The Associateswill be selected by using the Selection of Individual Consultant method in accordance with the World Bank's Procurement Guidelines: Selection and Employment of Consultants under IBRD Loans and IDA Credits and grants by World Bank Borrowers, January 2011 (Revised July 2014). Only the short listed candidates will be contacted. It is expected that the service will be commenced in May, 2023 or nearer time.

Expression of Interest:

must be delivered along with all supporting documents in a sealed envelope and soft copy (CD/DVD/Pen drive) by the applicant on or before May 02, 2023 within 4:00 pm. to the undersigned or e-mail. Interested candidates may obtain the Terms of References (TOR) upon request from the address provided below in person during the office hours. The ToRsare also available at the IDRA's website (www.idra.org.bd).

The authority reserves the right to accept or reject any or all EOI without assigning any reason.

Address: JibanBima Tower Bhaban, Front Block (5th Floor) 10, Dilkusha C/A, Dhaka-1000
E-mail: pd.bisdproject@gmail.com

Membership opportunities in Insurance branch of Ministry of Finance 

Insurance branch of Ministry of Finance is inviting applications from the Bangladeshi citizens for the title of Member (life) and Member (non-life) for their membership program.

Program title: Member 

Qualification and competency: 

• At least 20 years’ experience in Life Insurance as a Member (Life) including Insurance, Finance, Banking, Marketing, Statistics, Accounting, Management, Administration or Law and at least 20 years as a Member (Non-Life) in Non-Life Insurance (Twenty) years of experience

• No 3rd class/equivalent or equivalent CGPA will not be accepted in the examination in any step of educational life

• Current service holders have to apply through appropriate authorities

Experience: Not mentioned

Age Limit: Maximum 67 years

Salary and Compensation: According to the pay scale of 2015 

Vacancy: Not specific 

Deadline: March 31, 2022  

Interested candidates are requested to fill up online application following the instructions given in the circular.

For more IDRA Job Circular you may visit URQUERY JOBS 

For further clarification you may visit the Official Website or the published circular: 

Insurance Development and Regulatory Authority of Bangladesh

BD Govt jobs in Insurance Development and Regulatory Authority of Bangladesh

Insurance Development and Regulatory Authority of Bangladesh is inviting applications from the candidates for the posts of Assistant Director, Network Administrator, Officer, Program Operator and Chairman and Member’s Assistant.

Job title: Assistant Director

Qualification and competency: 

• Bachelors (Honors) or equivalent with 2nd class/equivalent CGPA or Masters with 1st class/equivalent in Law, Mathematics, Statistics, Economics, Business Administration and Banking and Insurance from any recognized university

Experience: Not specific 

Application fee: BDT 500 (Online) 

Vacancy: 10

Job title: Network Administrator

Qualification and competency: 

• Bachelors (Honors) or equivalent with 2nd class/equivalent CGPA or Masters with 1st class/equivalent in Computer Science or Computer Engineering from any recognized university

Experience: Not specific 

Application fee: BDT 500 (Online) 

Vacancy: 01

Job title: Officer

Qualification and competency: 

• Bachelors (Honors) or equivalent with 2nd class/equivalent CGPA or Masters with 1st class/equivalent in any discipline from any recognized university

Experience: Not specific 

Application fee: BDT 300 (Online) 

Vacancy: 22

Job title: Program Operator

Qualification and competency: 

• Bachelors (Honors) or equivalent with 2nd class/equivalent CGPA or Masters with 1st class/equivalent in Computer Science/CSE/EEE/ Information and Communication Technology from any recognized university

Experience: Not specific 

Application fee: BDT 300 (Online) 

Vacancy: 03

Job title: Assistant to Chairman and Member

Qualification and competency: 

• Bachelors (Honors) or equivalent from any recognized university

• Skill of operating computer 

Experience: Not specific 

Application fee: BDT 200 (Online) 

Vacancy: 05

Age Limit: Maximum 30 years 

Salary and Compensation: According to National salary scale of 2015

Deadline: November 6, 2021 

Interested candidates are requested to fill up online application following the instructions given in the circular.

For more IDRA Job Circular you may visit URQUERY JOBS  

For further clarification you may visit the Official website or see the published circular: