ETRM Functional Consultant

Prabhat Jha

Energy Trading & Risk Management

Power Gas Renewables Trade Lifecycle P&L Risk Settlements Reporting SQL

ETRM Functional Consultant with hands-on experience across the energy trading lifecycle — from trade capture and market submissions to valuation, settlements, reconciliation, P&L and reporting. Working at the intersection of energy markets, trading operations, ETRM platforms and data.

Prabhat Jha
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01

An ETRM Consultant Who Understands
the Business First

I'm an ETRM Functional Consultant with experience spanning the full energy trading lifecycle — from Front Office trade capture and market submissions through Middle Office valuation and risk, to Back Office settlements, reconciliation and reporting.

I have worked with Front Office, Middle Office, Back Office, Risk, Operations and technical teams, supporting business processes from trade execution through settlement and reporting. I bring a cross-functional perspective that allows me to trace problems end-to-end — rather than treating each module in isolation.

My ETRM platform experience spans Enuit Entrade, Hitachi nMarket and Aligne ETRM. On the data and testing side, I use SQL and tools like SoapUI to investigate root causes and validate ETRM outputs at the database level.

I'm currently building deeper expertise across Energy Trading, Power & Gas, Renewables, Battery Trading, Curve & Market Data, Valuation, Risk, and SQL & Data Analytics.

My ETRM Philosophy

"An ETRM consultant should not only know how to configure a screen or execute a test case. They should understand why the trade is being done, how it's priced, how it affects position and risk, how it generates P&L, how it's settled, and how it's finally reported. That end-to-end understanding is what allows an ETRM consultant to solve problems effectively."

4+
Years of ETRM Experience
3
Core ETRM Platforms
FO→BO
End-to-End Coverage
3
Target Markets — UAE, Europe, Singapore
02

End-to-End Functional Coverage

My ETRM experience covers multiple areas of the trading lifecycle rather than being limited to a single module. Below is how trading activity flows through an ETRM system, and where my functional expertise sits within each layer.

Front Office

Trading Operations

  • Trade Capture
  • Electronic Trade Execution
  • Market Submissions (nMarket)
  • Price Integration
  • EOD Validation
  • Trade Workflow Support
Middle Office

Risk & Valuation

  • Position Management
  • Curve Configuration
  • Market Data & Pricing
  • Trade Valuation
  • Unrealized P&L
  • Risk & Exposure
Back Office

Settlements & Accounting

  • Settlement Calculations
  • Invoicing
  • JRA Reconciliation
  • Dispute Management
  • P&L & Cashflow Reporting
  • Accounting Alignment

Deep-Dive by Functional Area

Trade capture is the starting point of the ETRM lifecycle. A trade entered incorrectly creates downstream problems in Position → Valuation → P&L → Risk → Settlement → Reporting. My focus: not just whether a trade exists in the system, but whether it has been captured with the correct business attributes.

  • Counterparty & Portfolio
  • Commodity & Product
  • Buy / Sell Direction
  • Trade Date & Delivery Period
  • Quantity & Price
  • Currency & Location
  • Settlement Terms
  • Broker / Exchange

Market curves are critical because they provide the data required for valuation and risk calculations. A trade can be captured perfectly but still produce incorrect valuation if it references the wrong curve. I understand the full chain: Market → Curve → Index → Price Source → Tenor → Delivery Period → Valuation.

  • Power & Gas Curves
  • FX & Interest Rates
  • Price Source Validation
  • Forward Data Handling
  • Historical Price Loading
  • Curve-to-Trade Mapping
  • Missing Data Investigation
  • FMT Automated Imports

Valuation connects trading positions with market data, and P&L is one of the most important outputs of an ETRM system. I've worked on trade estimation, settlement calculations, and price & FX data imports. I investigate valuation issues across: Trade → Market Data → Curve → Pricing → Valuation.

  • Trade Quantity & Price
  • Forward Curve Reference
  • FX Impact Analysis
  • Delivery Period Mapping
  • Realized vs Unrealized P&L
  • Portfolio-Level Results
  • Cashflow Reporting Alignment
  • Back Office System Alignment

Settlement is where the commercial terms of a trade are translated into financial outcomes. Reconciliation ensures the numbers agree across systems. I've worked with JRA records, back-office dispute management, and SQL-level data investigation to identify where breaks occur.

  • Trade Estimation
  • Settlement Calculations
  • Settlement Validation
  • JRA Reconciliation
  • Back Office Dispute Management
  • FX Data Validation
  • Settlement-Related Testing
  • Root Cause Investigation (SQL)

ETRM reporting is not just about displaying numbers — it needs to answer business questions. My approach: Understand the business question → Understand the source data → Validate the calculation → Validate the output.

  • Trading Reports (Trades, Volumes, Prices)
  • Risk Reports (Exposure, Valuation)
  • P&L Reports (Realized & Unrealized)
  • Settlement Reports
  • Operational Reports (Exceptions, Failures)
  • Cashflow Reporting
  • Cross-System Data Alignment
  • ETRM Output Validation

Good ETRM testing verifies not just "Does the screen work?" but "Does the complete business process work?" Production support has taught me that ETRM issues are rarely isolated — a settlement incident may originate from trade configuration, reference data, or integration.

  • SIT & UAT
  • Sanity & Functional Testing
  • API Testing (SoapUI)
  • Integration Testing
  • Data Validation
  • SQL Root Cause Analysis
  • Incident Investigation
  • End-to-End Process Validation
03

My ETRM Journey

Jan 2024 – Present Dublin, Ireland

Energy Trading Risk Management Consultant

ETRMServices
  • Front Office Support: Act as primary functional lead for FO teams, managing daily trade execution, EOD validation, and price integration within Aligne ETRM.
  • Market Submissions: Utilised Hitachi nMarket Bid Manager to create, review, and edit energy bids/offers aligned with market conditions and regulatory requirements.
  • Settlements & Valuation: Led trade estimation and settlement calculations, utilising FMT Tool for automated price and FX data importing.
  • Dispute & Reconciliation: Validated data consistency by cross-checking daily JRA records, supporting back-office dispute management and root cause investigation.
  • Cross-Functional Alignment: Coordinated with Capacity Team for generation audits; aligned back-office systems with Aligne data for P&L and cashflow reporting.
  • Release & BAU Ownership: Managed daily BAU operations, owned end-to-end Sanity, UAT, and Functional testing cycles. Performed API, data, and integration testing using SoapUI and SQL.
May 2022 – Dec 2023 Bengaluru, India

ETRM Consultant

Enuit LLC
  • Built my foundation in ETRM consulting — requirements gathering, trade lifecycle, and Front / Middle / Back Office processes using Enuit Entrade.
  • Requirement gathering, project scoping, and planning for client engagements across energy markets.
  • Identified and resolved software bugs collaboratively; performed database upgrades between system versions.
  • Debugged code and delivered solutions for client-raised issues in settlements, accounting, and data processes.
  • Worked across front office, mid office, and back office for settlements and accounting processes.
  • Participated in Sanity, UAT, SIT, and Functional testing; managed physical/financial positions and electronic trade execution.
04

What I Bring to the Table

ETRM Functional

Trade Lifecycle Position Management Curve Configuration Valuation P&L Analysis Risk & Exposure Settlements Invoicing Reconciliation Reference Data

Trading Operations

Front Office Support Market Submissions Trade Capture EOD Validation Price Integration Market Data Scheduling Back Office Processes

Testing & QA

UAT SIT Sanity Testing Functional Testing API Testing Integration Testing Data Validation Root Cause Analysis

Cross-Functional

Requirements Gathering Functional Specifications Regulatory Reporting Production Support BAU Operations Stakeholder Management Dispute Management
ETRM Applications
Enuit Entrade
Hitachi nMarket
Aligne FIS
Endur ION
Data & Tools
SQL / MySQL
SoapUI
Excel
FMT Tool
05

Education & Certifications

Education

MBA — Business Analytics

DY Patil University
July 2022 – May 2024

BCA — Information Technology

Sahyog College of Management Studies, Mumbai
2018 – 2021

Certifications

Strategy Consulting
Accenture Australia
Consulting
Project Manager Job Simulation
Siemens Mobility
Project Management
Client Service Job Simulation
Bloomberg
Finance
Strategy Consulting
BCG
Consulting
MySQL Certification
MySQL
Data
Open To Opportunities

Looking for My Next ETRM Role

Currently open to onsite and hybrid opportunities in international markets. Particularly interested in roles where end-to-end ETRM expertise — from trade capture to reporting — creates real business value.

UAE
Europe
Singapore
ETRM Consultant Energy Trading Business Analyst ETRM Functional Consultant Energy Trading & Risk Consultant Trade Lifecycle / Settlement Consultant
Let's Talk
06

Let's Connect

If you're working in Energy Trading, ETRM, Power, Gas, Renewables, Risk, Settlements or Energy Technology, I'd be happy to connect.

Whether it's a new role, a project, or just a conversation about the ETRM landscape — feel free to reach out via LinkedIn or email.