Export to Hyper-V fails with the error: Could not find a part of the path (4040744)

When attempting to perform an export to a Hyper-V host, the following error is encountered:
 

ERROR [Timestamp] - Events.Export.ExportEnqueueFailedEvent ()
Failed to enqueue continuous export of 'RapidRecoveryMachine1' to 'HyperV-Host1' at 'F:\RapidRecoveryMachine1-VS\RapidRecoveryMachine1-VS'. Reason: Could not find a part of the path '\\HyperV-Host1\RapidRecoveryMachine1-VS-UUID'.

ERROR [Timestamp] - Replay.Core.Implementation.Export.ExportSchedulerService ()
Adding a recovery point to a queue has failed
System.IO.DirectoryNotFoundException: Could not find a part of the path '\\HyperV-Host1\RapidRecoveryMachine1-VS-UUID'.

ERROR [Timestamp] - Replay.Common.Implementation.NetworkAccess.NetworkShareMapper (MapNetworkPathToLocalDriveInternal(\\HyperV-Host1\RapidRecoveryMachine1-VS-UUID))
Multiple connections error occurred while trying to map share \\HyperV-Host1\RapidRecoveryMachine1-VS-UUID using 'domain\admin' username
System.ComponentModel.Win32Exception (0x80004005): Multiple connections to a server or shared resource by the same user, using more than one user name, are not allowed. Disconnect all previous connections to the server or shared resource and try again

ERROR [Timestamp] - Replay.Common.Implementation.WmiApi.Wmi ()
Unknown WMI error: Cannot connect to a remote machine
This error could be caused by one of the following:
- The remote computer is blocked by the firewall.
- The host name or IP address is wrong or the remote computer is shut down.
- The "Remote Procedure Call (RPC)" service is not running on the remote computer.
WMI query: SELECT * FROM Win32_LogicalDisk WHERE DeviceID = 'g:'
Replay.Common.Contracts.WmiApi.WmiException: Cannot connect to a remote machine
This error could be caused by one of the following:
- The remote computer is blocked by the firewall.
- The host name or IP address is wrong or the remote computer is shut down.
- The "Remote Procedure Call (RPC)" service is not running on the remote computer.
---> System.Runtime.InteropServices.COMException: The RPC server is unavailable. (Exception from HRESULT: 0x800706BA)

When performing an export to Hyper-V, Rapid Recovery maps a shared folder on the Hyper-V host using the credentials specified when creating the Virtual Standby Job. This error can occur if the user specified has changed or has been disabled.

1. Verify that the user has administrative privileges.
2. Verify that the password is correct.
3. Verify that the user has not been disabled.