Times received by bachelor with a model mind (7)
I believe the answer is:
babysit
'mind' is the definition.
(I've seen this before)
'times received by bachelor with a model' is the wordplay.
'times' becomes 'by' (both can mean 'multiplied by').
'received by' is an insertion indicator.
'bachelor' becomes 'BA' (abbreviation for Bachelor of Arts degree).
'with' says to put letters next to each other.
'a model' becomes 'sit' (e.g. for a painting).
'ba'+'sit'='basit'
'by' going within 'basit' is 'BABYSIT'.
(Other definitions for babysit that I've seen before include "Supervise in loco parentis" , "Tend to kid" , "Take charge to allow parents to go out" , "Mind" , "Look after children temporarily" .)