Hepburn is expected to announce the successor to senior coach Jason Olver before the end of this week.
Burras president Jason Dooley told The Courier that the interview process had commenced and that the selection panel had narrowed down the candidates to three.
Olver led Hepburn to the Central Highlands Football League premiership earlier this month in what was his second year in the role.
The Burras finished the season with 16-straight victories, capped by an 18-point grand final triumph over Beaufort at Ballarat’s Mars Stadium.
Olver announced early in the 2017 campaign that it would be his last in the job.
In a long and successful career at Hepburn, Olver was president during the senior premiership years of 2010 and 2013, coached a reserves flag in 2006 and an under-18 grand final triumph in 2014.
He was former senior coach Shane Robertson’s right hand man during the premiership campaigns of 2004, 2005, 2008 and 2010.
The Burras’ spa country rivals Daylesford is also looking to replace its senior coach after Marcus Goonan vacated the position at the end of the season.
Goonan coached the Bulldogs for two years, reaching semi-final appearances in both 2016 and 2017.
Daylesford president Guy McLeod said that the club had started looking for candidates, but would now make some formal approaches following the completion of the Ballarat Football Netball League season.
Springbank and Gordon are the other top eight teams from 2017 looking for coaches.
The Tigers are chasing a replacement for Michael Searl, while the Eagles are out to fill the role vacated by Gary Learmonth.