The highly-rated coach, who has bossed Airdrie since 2018, arrives in Kirkcaldy following a fine League 1 campaign with the Diamonds.
Although Airdrie fell at the playoff stage, they gained widespread plaudits for their results and slick style of football.
Murray has also enjoyed a successful spell in charge of Dumbarton, a far less enjoyable stint with St Mirren and broadened his horizons by spending 18 months coaching at Norwegian side Asker alongside ex-Easter Road teammate Kevin Nicoll.
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Ian Murray to be named Raith Rovers boss following successful talks
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