A multi-functional well completion apparatus and method of operation thereof that offers the ability, in a single trip and with limited running tool manipulation, to perform downhole completion operations, such as gravel pack operations or sand control frac or other fluid stimulation operations is described. The well completion tool has multiple functions or operational positions by using a self-closing time delay valve without the need of service tools, thereby saving rig time, reducing operating costs and operational risks associated with tripping service tools into and out of a wellbore.