Cannot create timerservice for EJB PersistentOrdersetServiceBean since there's no TimedObjectInvoker

Issue

The following error is seen when trying to create timers in an EJB:

11:10:48,778 ERROR [AbstractKernelController] Error installing to Start: name=jboss.j2ee:ear=example.ear,jar=example-service.jar,name=PersistentOrdersetServic
eBean,service=EJB3 state=Create
java.lang.IllegalStateException: Cannot create timerservice for EJB PersistentOrdersetServiceBean since there's no TimedObjectInvoker
        at org.jboss.ejb3.TimerServiceContainer.createTimerService(TimerServiceContainer.java:245)
        at org.jboss.ejb3.TimerServiceContainer.lockedStart(TimerServiceContainer.java:109)
        at org.jboss.ejb3.session.SessionContainer.lockedStart(SessionContainer.java:210)
        at org.jboss.ejb3.session.SessionSpecContainer.lockedStart(SessionSpecContainer.java:547)
        at org.jboss.ejb3.stateful.StatefulContainer.lockedStart(StatefulContainer.java:236)
        at org.jboss.ejb3.EJBContainer.start(EJBContainer.java:995)