Courier Sport understands that Kevin Cuthbert has decided to leave Raith Rovers.
The 36-year-old became first-team coach at the club after hanging up his goalie gloves following a long battle with injury.
When boss Barry Smith resigned at the start of last month, Cuthbert was put in interim charge but his first game ended in a 5-0 defeat at Ross County in the Irn-Bru Cup and Rovers could only draw the next two league games against Brechin and Montrose.
The former keeper, who also played for St Johnstone, Morton, Ayr and Hamilton, had thrown his hat in the ring to become manager on a permanent basis.
However, he lost out to John McGlynn who returned for what is his second spell in the Stark’s Park hot-seat.
Raith chairman Bill Clark confirmed last week that Cuthbert had been offered a coaching position to work alongside the manager and his assistant Paul Smith.
He has now rejected that offer and the club are currently negotiating a severance package with Cuthbert, who signed a new one-year Rovers deal in the summer.
