I was able to figure this out. In the web console (I am running NPM 12.2 and NCM 7.7) go to:
Settings\All Settings\NCM Settings (located under Product Specific Settings)\Configs (located under Configs)
On this page you will see:
I typed "Version" (no quotes) then clicked "ADD NEW" and repeated the process for "Running All." After doing this, "Version" and "Running All" were populated when creating a new job.