Malzahn joins TCU defensive coordinator Dick Bumpas, Wisconsin offensive coordinator Paul Chryst, Oklahoma State offensive coordinator Dana Holgorsen and Stanford offensive coordinator Greg Roman as a finalist.
The field was trimmed from 36 to five Monday. The winner will be announced Dec. 6.
Malzahn's Tigers currently rank sixth nationally in rushing offense (291.3 ypg), seventh in scoring offense (41.6 ppg) and eighth in total offense (490.1 ypg).
Auburn's only other winner of the award was then-defensive coordinator Gene Chizik in 2004.