Derry City have posted a statement on the club's website seeking applications for the manager's position following Kenny Shiels' departure on Saturday.
The statement said candidates must have senior level management experience, "preferably in Ireland but UK experience may also be acceptable".
It added candidates should be qualified to coach in the FAI Premier Division.
Candidates will be expected to build on the club's youth development work which has taken place in recent years.
"The club have a major emphasis on youth development having brought several young players through to senior level and the new manager should be able to develop this further."
Candidates are asked to send applications, including a complete CV with references via email to firstname.lastname@example.org
Locals tipped to be candidates for vacancy
There has been speculation the Derry board believe a local man may be best suited to the role at this time.
Former manager Declan Devine and Paul Hegarty, who was caretaker boss in 2015, are being talked about as leading candidates for the role
Marty McCann, previously assistant boss, could be another contender.
Devine, now a performance coach with the Irish FA, guided the Candystripes to an FAI Cup triumph and a place in the Setanta Sports Cup Final in 2012.
However, a year later Devine was sacked from the job despite steering Derry to another European spot following a fourth-place finish in the table.
McCann served as first-team coach and assistant boss during stages from 2012 until July 2015 during the respective reigns of Devine, Hegarty and Peter Hutton.
Hegarty managed Derry in a successful battle to avoid relegation in the closing six weeks of the 2015 campaign after Hutton's departure but turned down an offer to take the role on a permanent basis.
Former Oldham boss Kelly linked with role
Former Derry City centre-back Darren Kelly, who previously managed Oldham Athletic and now is in charge of Northern Premier League club Hyde United in England, has already indicated he is interested in the role.
Another former Candystripes defender Paddy McLaughlin, impressing his his role as manager of nearby Irish Premiership club Institute, could also be in the frame for the Brandywell position but at this stage, does not have all the necessary licences to manage in the League of Ireland Premier Division.
McLaughlin's predecessor at Institute and another ex-Derry favourite, Kenny Deery, is also being linked with the role.
In terms of possible non-Derry candidates, former League of Ireland title-winning Sligo Rovers boss and current Northern Ireland Under-21 manager Ian Baraclough has been mentioned as a possible candidate although his success in the Under-21 role suggests that the Irish FA will be determined to hold on to the Englishman.
Baraclough's predecessor in the Northern Ireland Under-21 job, Jim Magilton also enjoyed League of Ireland success when he assisted Michael O'Neill at Shamrock Rovers so could be another potential candidate.
Former Cliftonville boss Gerard Lyttle, who lost the Sligo job recently, and ex-Derry City player Paul Doolin are others being linked with the vacancy.