McCabe was made redundant by interim administrator Bryan Jackson on Friday, 24 hours after seven first-team players were culled in a desperate bid to cut costs at the ailing East End Park outfit.
The former Kilmarnock, Hibs and Plymouth Argyle No 2 was told there was simply not enough money available to retain his services, even on a cut-price deal – a decision that ended McCabe’s five-year association with the Fifers.
The 56-year-old was at Dunfermline’s match with Livingston on Saturday, however, after being asked by Jefferies to help out from the main stand at Almondvale, with the Pars boss eager to continue the arrangement when possible. But, while appreciating the offer to help him “keep his hand in”, McCabe has set his sights on a swift return to employment.
He said: “I went there on Saturday to help the boys and the manager out. I couldn’t be in the dressing room but I was still part of it and Jim said if I’m not doing anything then I can come in and help out any time.
“I appreciate the offer and I might go in the odd day, but I’ve started to look for another job and I will be preoccupied with that.
“Things happen in football and, of course, it was a massive disappointment but you have to move on.
“The longer you are out of the game the harder it is to get back in. I want people to know I’m out there and available and hopefully something will happen.”
McCabe, who worked in Ireland and Canada as a player, knows the limitations of working in Scotland and has admitted he is willing to search far and wide for a new job.
The former Clyde and Clydebank midfielder has seen one-time dugout sidekick Bobby Williamson carve out a fresh career as manager of Uganda and knows no opportunity should be dismissed out of hand.
He added: “It will be difficult in Scotland because it’s just five weeks to the end of the season, but hopefully there might be a couple of options abroad. I’m willing to go anywhere as long as the job is the right one.”