Invitation for Request for Expressions of Interest    Status:Approved

GOVERNMENT OF THE PEOPLE'S REPUBLIC OF BANGLADESH

Ministry/Division : Ministry of Finance
Agency : Insurance Development and Regulatory Authority
Procuring Entity Name : Insurance Development and Regulatory Authority Financial Institutions Division, Ministry of Finance
Procuring Entity Code : N/A
Procuring Entity District : Dhaka
Expression of Interest for Selection of : Consulting Firm (National)  (Time-Based)
Title Of Service : Accounts Associate, Finance Specialist & Systems Implementation Support Specialists
EOI Ref. No. : 53.03.0000.090.33.002.22- 599
Date : 28/09/2022

KEY INFORMATION

Procurement Sub-Method : Quality and Cost Based Selection(QCBS)

FUNDING INFORMATION

Budget and Source of Funds : Non_Development GOB
Development Partners :

PARTICULAR INFORMATION

Project/Programme Name :
EOI Closing Date and Time : 16/10/2022 4.00 pm
Publication Date : 04/10/2022

INFORMATION FOR APPLICANT

Brief Description of Assignment : Duties and responsibilities of FS: The duties and responsibilities of the Finance Specialist 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; • Implementation of effective internal controls, • 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 request and SOE Account. • Draft quarterly Interim Unaudited Financial Report (IUFR) and ensuring their timely submission to IDA. • Prepare 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. Qualifications for FS: • M. Com/MBA in accounting/Finance/Related Subject • Preference will be given to a professionally qualified accountant (CA, ACCA, CPA, CFA, CMA and CIMA) with minimum of Five years post qualification experience. Operational knowledge in accounting software will be an added advantage, but not mandatory. • Proven track record of ability to develop a Chart of Accounts befitting the relevant computerized accounting system and the reporting; • Experience in the effective supervision of personnel; • Self-guided, strong organizational and planning skills with the ability to work independently as a team player and under pressure; • Strong interpersonal communicative skills, experience in team leadership and participatory management;
Experience, Resources and Delivery Capacity Required : Experience & Specific Skills for FS: a. Minimum 5 Year work experience in financial management in Govt. / autonomous / private sector. b. Work experience in handing fund of donor aided project preferably IDA funded project for 3 years. c. Comprehensive knowledge and understanding in GOB and IDA audit system. d. High level of proficiency in written and spoken English and report writing. e. Computer literacy and skills (MS Word, Excel, SPSS, and other statistical software, & Power Point etc.) is essential. Experience & Specific Skills for SISS: • 12- Years’ overall experience in the ICT field preferably in the Financial Sector. • At least 08 (Eight) years' IT professional experience within the financial sector; • Proven track record who has similar experience in IT systems implementation in a multi-vendor environment. • Working Experience in enterprise-level ICT hardware and software applications deployment. • Excellent teamwork and interpersonal skills in operating collaboratively across organizational boundaries. • Proven project management experience leading technical projects end to end; • Proven track record of managing Major IT infrastructure and systems deployment projects in the Insurance/Financial sector. • Global Standard Certifications on relevant fields are preferred like CISA, CISSP. • Fluency in English is required. N.B. Please see the ToR for detailed description of assignment.
Other Details (if applicable) :
Association with foreign firms is : Not Applicable
Eoi Detail Information
Ref No Phasing Of Services Location Start Date Completion Date
1 N/A Dhaka N/A N/A

PROCURING ENTITY DETAILS

Name of Official Inviting EOI : Md. Kamruzzaman ndc(Joint Secretary)
Designation of Official Inviting EOI : Project Director
Address of Official Inviting EOI : Jiban Bima Tower Bhaban, Front Block (5th Floor) 10, Dilkusha C/A, Dhaka-1000
Contact details of Official Inviting EOI : Phone : 02-9514963, Fax : , Email :
The procuring entity reserves the right to accept or reject all tenders