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I think you create right after you submit your EE profile
 
Can anybody share step wise process (with link) to apply for PR under EE????

I believe

Ist step = is to submit expression of interest-get into job bank first. Applicant must have IELTS and WES ready. Correct me if I am wrong.

IInd step= After getting invitation submit application with 2 months/60 days of time with all documents
 
I think you will need to create a job bank account first before creating an EE profile.
There is no submit button if you wont create job bank, that is for my case.