System.ServiceModel.EndpointNotFoundException in OWSTIMER.EXE

Problem:

This is a very common issue in SharePoint installation when you see this screen after every 5 minutes on SharePoint Server

Visual Studio Just-In-Time Debugger

An unhandled exception ('System.ServiceModel.EndpointNotFoundException') occurred in OWSTIMER.EXE [5220].

The Just-In-Time debugger was launched without necessary security permissions. To debug this process, the Just-In-Time debugger must be run as an Administrator. Would you like to debug this process?

Resolution:

Start Forefront end service from services management window

Type services.msc in Run Command 
Start the forefront identity manager service