nimittaḿ param īśasya
viśva-sarga-nirodhayoḥ
hiraṇyagarbhaḥ śarvaś ca
kālasyārūpiṇas tava
nimittam -- the instrument; param -- merely; isasya -- of the Supreme Lord; visva -- of the universe; sarga -- in the creation; nirodhayoh -- and the annihilation; hiranyagarbhah -- Lord Brahma; sarvah -- Lord Siva; ca -- and; kalasya -- of time; arupinah -- formless; tava -- Your.
Uddhava here explains that in fact Lord Krishna Himself will cause the death of Jarasandha, and Bhima will merely be the instrument. The Supreme Lord, through His invisible potency of time, creates and annihilates the entire cosmic situation, whereas great demigods such as Lord Brahma and Lord Siva are merely the instruments of the Lord's will. Therefore Bhima will have no difficulty acting as the Lord's instrument to kill the powerful Jarasandha. In this way, by the Lord's arrangement, His devotee Bhima will be glorified.